The Bitcoin price started the week on a solid basis, backing above $ 90,000 after the announcement of a strategic cryptography reserve by US President Donald Trump. However, the flagship cryptocurrency barely supported this momentum, retreating under the level of $ 90,000 before the middle of the week.
The recent market uncertainty is reflected in the action of Bitcoin, because the price has moved mainly laterally (after the initial pump) in the range from $ 82,000 to $ 92,000. The question is now – who is behind the retrace and the consolidation of constant prices?
Short -term sales respect long -term confidence: analyst
In a post Quicktake on the cryptocurrency platform, a pseudonym Shayanbtc pseudonym analyst discussed divergence in investor behavior while using chain data to assess the current market feeling. The relevant chain indicator here is the metric of exit age bands (SOAB), which sorts the parts spent in the categories according to their age and, in proportion to total parts, have moved.
ShayanBTC specifically analyzed investor bags between one -week and 6 -month cohorts (short -term holders) using worn age production bands. Crypto data shows that short -term investor sales activity has led to the recent slowdown in Bitcoin.
These investors, known for their rapid reactions to market fluctuations, have actively filed BTC on exchanges – which can be associated with sales pressure. Given the sensitive nature of short -term holders of market feelings and technical resistance, their sales behavior align with the recent Bitcoin struggle to maintain any bullish momentum.
Source: CryptoQuant
On the other hand, long -term investors (those who hold BTC for more than 6 months) have shown no sign of capitulation. Although a certain level of profit can be seen among this group of Bitcoin holders, it seems to be quite progressive and consistent with the behavior observed on healthy bull markets rather than in mass liquidations.
Bitcoin’s long -term investors’ activity suggests that they anticipate a future price appreciation before unloading larger parts of their assets, thus reducing the btc supply on the free market. Shayanbtc added that “if sufficient demand enters the market, this narrowing of the supply could fuel prices appreciation.”
Interestingly, the latest channel data show that long -term Bitcoin investors are not the only participants in the market refrain from unloading their assets. The Crypto Ali Martinez submarine revealed in an article on X that the BTC minors had recorded a zero sales activity since February 28.
Bitcoin Price at a glance
To date, the first cryptocurrency is estimated at around $ 86,200, reflecting a price drop of 0.5% in the last 24 hours.
The price of BTC on the daily timeframe | Source: BTCUSDT chart on TradingView
Istock star image, tradingview graphic
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