The post Bitcoin Bores Traders As Long-Term Holders Resist Liquidation – Here’s What To Expect From BTC Price Next appeared first on Coinpedia Fintech News
Bitcoin’s recent market trends suggest a robust stagnation as the price continues to consolidate near $29,500. Traders, known for their quick moves and sharp instincts, seem to be worried, finding Bitcoin’s current behavior less than thrilling. One of the primary reasons for this boring movement is the resistance from long-term Bitcoin holders to liquidate their holdings.
Bitcoin Flashes Historically Low Volatility At $29K
Buyers are currently paying higher prices as there’s a notable shift between Short-Term Holders (STH) and Long-Term Holders (LTH). This year, the wealth of the STH cohort has surged by +$22B, while the LTH group has witnessed a decrease of roughly -$21B.
This suggests that STHs have been actively chasing the market, which has led to an elevated average cost basis. Their enthusiasm and active trading have
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