Bitcoin

<ul><li>A report unveils Long-Term BTC holders strategically selling Bitcoin to Short-Term holders.</li><li>The latest market trends show that Bitcoin faces immediate resistance at $28,000.</li><li>Upcoming 2024 Bitcoin halving may be influencing current long-term holder strategies.</li></ul>Today&#39;s report by CryptoQuant dives deep into the dynamics between long-term and short-term <a href="https://cryptotale.org/?s&#61;Bitcoin&#43;holders" rel="noopener noreferrer nofollow">Bitcoin holders</a>. The study uncovers an eye-opening trend: Long-Term Holders (LTHs) are strategically selling their Bitcoin to Short-Term Holders (STHs) and buying them back, especially as the market navigates through critical resistance and support levels. This masterful play could offer insight into understanding market trends and behaviors, shedding light on the crypto asset’s immediate future.The year 2023 has been a rollercoaster for Bitcoin&#39;s realized capitalization. The data reveales a significant increase among short-term holders (STHs), from $79 billion to $114 billion, accounting for a net change of approximately $35 billion or 1.3 million Bitcoin. This drastic change isn&#39;t a coincidence; it reflects an underlying strategy employed by long-term holders (LTHs).In April of this year, the Net Position Realized Cap chart highlighted a steady distribution period that lasted for six days. During this phase, long-term holders actively sold Bitcoin at $28,200. Coincidentally, this was when short-term holders were keen on acquiring the digital currency. This dynamic suggests that LTHs use market conditions to sell high and buy low.Read full article at<a href="https://cryptotale.org/report-reveals-long-term-holders-selling-and-buying-back-of-bitcoin/" rel="noopener noreferrer nofollow"> CryptoTale.</a>

Report Reveals Long-Term Holders' Selling and Buying Back of Bitcoin

CryptoTale

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