Bitcoin Market Dynamics: The Game Between Short-Term and Long-Term Holders

Short-term Bitcoin holders are experiencing a continuous purge, creating psychological pressure as prices continue to approach the average holding cost line for this group. This strategy usually leads to selling, which in turn transfers Bitcoin chips to long-term holders, whose holdings have been increasing recently. From a macroeconomic perspective, inflation caused by liquidity problems around the world, especially in the US dollar, continues to affect the price of Bitcoin, which is one of the reasons why more and more smart money and institutions are allocating Bitcoin. This is not just about pursuing profits, even as a hedging tool, Bitcoin has become an attractive option due to its growing market value and liquidity.

This cycle can easily see Bitcoin prices hit six-digit US dollars, which also simplifies why recent positive and negative news have failed to effectively push prices above $64,000. As for Ethereum, although Grayscale's continued capital outflows have not seen optimistic returns, other ETFs continue to have inflows. Holding these assets to wait for the arrival of the bull market may see altcoins also achieve more significant performance as the total market value of cryptocurrencies continues to climb. #美联储何时降息？ #比特币政策 $BTC $ETH $BNB