Since the beginning of April, Bitcoin (BTC) has experienced an unusual increase in the condemnation of short and long term holders.
According to Glassnode, the short -term holders, those who have had Bitcoin for less than 155 days, are typically more reactive for price movements, often buy during euphoria periods and sale during recessions.
However, short -term headlines seem to have become buyers driven by the value despite the fact that Bitcoin is currently approximately 25% below their maximum of all time.
Since the beginning of April, this group has grown by around 15,000 BTC, which now has a total of just over 3.7 million BTC. That said, since February, they have distributed approximately 280,000 BTC, probably a combination of profits from the demonstration from November to December, which followed the electoral victory of President Donald Trump. That adds to the sale of panic during the 30% reduction of Bitcoin since its maximum of January of all time.
Long -term headlines, those who have maintained for at least 155 days, have increased their tread of coins by 400,000 BTC since February, with small quantities acquired this month, taking the general count to more than 13.5 million. This suggests a growing conviction among long -term holders, even in the middle of the recent prices stagnation.
While Bitcoin has remained relatively flat since the beginning of April, Nasdaq has dropped 3.5% in the same period of time, and futures point to an additional decrease of 3%.
