Nice to see a pump⊠but in the meantime, long-term holders are reducing their holdings miners are overpaid and they are sending more $BTC to the exchanges. đ
đ Short-Term Holders (STH):
After periods of profit-taking, STH selling pressure has diminished, suggesting exhaustion. If this trend continues, STH may shift towards accumulation, potentially easing price pressure.
đ Long-Term Holders (LTH):
LTH, traditionally accumulating, may be stabilizing or taking profits. If LTH begins selling, it could signal weakening long-term demand, impacting BTCâs support levels.
âïž STH vs. LTH Trend Implications:
Signs of changing behavior in both STH and LTH may hint at a trend shift. Continued LTH selling could create resistance, while renewed accumulation might offer support.
âïž Miner Profitability:
Periods of miner overpayment (high profitability) often coincide with BTC price peaks, followed by corrections. If sustained, this could lead to reduced mining activity and price consolidation.
đ§ Outlook:
Monitoring STH, LTH, and miners is crucial. Shifts here can impact BTCâs next move as the market watches for renewed accumulation or profit-taking.
Written by IT Tech
