In recent weeks, Bitcoin (BTC) has been under notable selling pressure, resulting in a 15% correction after briefly surpassing $100,000 in December 2024. This decline, while moderate, is comparable to that of March 2024.
Long-Term Investors (LTH) in action 🕰️
LTHs, known for their patience, took advantage of the price increase to take profits. Between November 2024 and January 2025, their BTC holding volume decreased by over 1 million, surpassing the selling pressure seen between December 2023 and March 2024. This trend is explained by higher prices, providing more incentive for profit-taking.
Short Term Investors (STH) and Miners 🏃♂️⛏️
Less patient STHs also contributed to the selling pressure, realizing profits and losses more quickly. Miners, meanwhile, increased their sales, influenced by rising prices and the need to cover operational costs.
Bitcoin Outlook 📈
Despite this selling pressure, Bitcoin is showing signs of resilience. The market’s ability to absorb these sales without a major correction suggests strong underlying demand. Investors are closely monitoring the next moves, looking for clues about the market’s future direction.
For a more in-depth analysis, you can check out the full article on Cryptoast.
