2024

Bitcoin

The market fell sharply yesterday following negative news about spot Bitcoin ETFs.
BTC, which fell from $45,000 to below $41,000, is currently hovering around $43,000.
After the negative news, some investors panicked and sold, while some investors maintained their positions.
CryptoQuant analyst Yonsei Dent, who examined how investors behave at this point, said that short-term investors are selling.
The analyst stated that long-term Bitcoin investors were not affected by yesterday's decline and maintained their positions.
Categorizing investors by BTC holding period, the analyst said that short-term holders holding BTCs between 1 day and 6 months bought in the range of $ 40,200-$44,700, sold BTC on a decline, and exited the market with the buying and selling prices at par.
Secondly, he examined the 1-month-3-month group that purchased BTC between $26,000-$42,000. Stating that this group also made sales during the decline, the analyst said that this group made a small profit.
Thirdly, the analyst stated that the 3-6 month group did not make any significant transactions and moved at a minimum level, and that the 6-month-12 month group made sales of 7.6 billion dollars.
<blockquote>
 “The 6-12 month long-term Bitcoin investor group took a shot at $7.6 billion during yesterday's decline, indicating that it expects a stronger decline.
 In contrast, the 1-year-5-year long-term Bitcoin investor group showed little reaction to the BTC decline.
 So yesterday's drop doesn't seem to have had much of an impact on investors enduring the 2019-2022 cycle. This means that investors who “endured the 2019-2022 cycle” are more resilient to declines. “
</blockquote>
<blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 <a href="https://twitter.com/search?q=%24BTC&amp;src=ctag&amp;ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">$BTC</a> fluctuated due to ETF news, but HODLers did not move
 "Yesterday's price action did not seem to have made much of an impression on investors who endured the 2019-2022 cycle." by <a href="https://twitter.com/Yonsei_dent?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">@Yonsei_dent</a>
 Link <img src="https://s.w.org/images/core/emoji/14.0.0/72x72/1f447.png" alt="👇" class="wp-smiley" style="height: 1em; max-height: 1em;"><a href="https://t.co/RDJgwlr9Le" rel="noopener noreferrer nofollow">https://t.co/RDJgwlr9Le</a> <a href="https://t.co/neWK7b9Wk0" rel="noopener noreferrer nofollow">pic.twitter.com/neWK7b9Wk0</a>
 — CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1742874048273797316?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">January 4, 2024</a>
</blockquote>
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*This is not investment advice.
 Continue Reading: <a href="https://en.bitcoinsistemi.com/how-did-bitcoin-investors-react-to-yesterdays-drop-did-they-sell-cryptoquant-analyst-evaluated/" rel="noopener noreferrer nofollow">How Did Bitcoin Investors React to Yesterday's Drop? Did They Sell? CryptoQuant Analyst Evaluated!</a>

How Did Bitcoin Investors React to Yesterday's Drop? Did They Sell? CryptoQuant Analyst Evaluated!

Bitcoin Sistemi EN

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