According to #CryptoQuant, short-term BTC holders have not yet received maximum pain in the current correction.
Historically, the maximum pain with panic selling and cascading liquidations began at a loss threshold of about 12%. And now short-term #BTC-holders are at a loss of 7% on average.
At the same time,#CryptoQuantanalysts believe that bearish sentiment in the crypto market is unlikely to persist for long, because the outflow of#BTCfrom the CEX crypto exchange does not stop. Which creates a supply shortage and pushes the price up. On-chain analyst Gustavo Faria, commenting on CryptoQuant data, writes that “the current market structure, including factors such as profitability, leverage and coin age distribution, suggests the potential for a more robust rally within the current cycle.”
Today, the greatest demand for the purchase of#BTCis from users with a balance of 10 to 100 BTC. They are, according to #CryptoQuant, the main buyers in the current correction.
