BITCOIN HODLERS REMAIN PROFITABLE AMIDST MARKET VOLATILITY‼️‼️‼️

On-chain data reveals that long-term Bitcoin holders are still selling at a profit, while short-term holders are experiencing a significant capitulation event. According to CryptoQuant's Head of Research, Julio Moreno, the 155-day holding period serves as a crucial dividing line between short-term and long-term holders.

WEAK HANDS FOLD, DIAMOND HANDS THRIVE

Short-term holders, who hold Bitcoin for less than 155 days, are more likely to sell or transfer their coins, making them the weaker link in the market. In contrast, long-term holders, also known as "diamond hands," tend to hold onto their coins for extended periods, making them less susceptible to market fluctuations.

MARKET SENTIMENT SHIFTS

As Bitcoin's price fluctuates, on-chain data suggests that long-term holders remain comfortable selling at a profit, while short-term holders are increasingly selling at a loss. This trend indicates a potential shift in market sentiment, with weak hands exiting the market and strong hands maintaining their positions.

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