On-chain analytics firm Glassnode co-founders Jan Happel and Jan Allman shared insights into the behavior of short-term Bitcoin (BTC) holders. Their analysis revealed that many individual investors sold their BTC during the recent correction and deposited it on exchanges. However, the analysts noted that the selling pressure observed during this correction was not as strong as in previous bear markets. This indicates that short-term holders are becoming more patient and are willing to hold onto their BTC for potential profits. The analysts believe that this behavior signals a strong bullish sentiment among short-term holders. Despite the recent market correction, these investors are not rushing to sell their BTC and are instead showing confidence in the long-term prospects of the cryptocurrency.

#BTC