The Bitcoin Prize started the week on a strong foot and jumped back over $ 90,000 after the announcement of a strategic crypto reserve by US President Donald Trump. However, the flagship Cryptocurrency barely maintained this momentum and released below the level of $ 90,000 before mid -week.
The latest market uncertainty is reflected in the Bitcoin measure, as the price has moved mostly sideways (after the first pump) within the range $ 82,000 – $ 92,000. The question is now – who is behind the constant price and the consolidation of the price?
Short -term sales meet long -term trust: analysts
On one Quicktake Post On the Cryptoquant platform, an analyst discussed the pseudonym ShayanBTC Divergensen in investors’ behavior while using data on the chain to evaluate the current market entry. The relevant indicator on the chain Here is the used output age band (SOAB), which sorts spent coins in categories depending on their age and as part of the total coins moved.
ShayanBTC specifically analyzed the bags with investors between 1-week and 6-month cohorts (short-term holders) using the production ties used. Data from Cryptoquant Shows that the sales activity for short-term investors ran the latest Bitcoin decline.
These investors, known for their rapid reactions to market fluctuations, have actively allocated BTC on exchanges – which may be associated with sales printing. Given the sensitive nature of short -term holders of marketing centers and technical resistance levels, their sales behavior is in line with Bitcoin’s latest struggle to maintain all haus -like speed.
Source: CryptoQuant
On the other hand, long -term investors (those who hold BTC for more than 6 months) have not shown any signs of capitulation. Although a certain level of profit can be seen among this group of bitcoin holders, it seems to be quite gradual and consistent with the behavior seen in healthy bull markets rather than mass liquidations.
The activity for long-term bitcoin investors suggests that they expect Future price estimate Before loosening larger parts of their holdings and thus the BTC range decreases in the open market. ShayanBTC added that “If sufficient demand enters the market, this supply shrinkage can drive additional price estimate.”
Interestingly, the latest information on the chain shows that Bitcoin’s long -term investors are not the only market participants who refrain from charging their assets. Crypto Pundit Ali Martinez revealed In a post on X that the BTC miners have registered zero sales activity since February 28.
Bitcoin price
From this writing, the main Cryptocurrency is valued at about $ 86,200, which reflects only 0.5% price decline over the past 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Image from iStock, chart from tradingview
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