Bitcoin

<ul><li>CryptoQuant notes a surge in Bitcoin&#39;s price, coupled with heightened enthusiasm among new investors, where short-term holders now hold 48% of the Realized Cap.</li><li>Bitcoin&#39;s correction from $73k peak signals potential downside risks, with resistance likely at breakdown level and support levels at $59,000 and $55,303.</li><li>Analysts closely monitor short-term holders as their actions could significantly influence Bitcoin&#39;s market trajectory amid heightened volatility.</li></ul>Amidst a recent surge in Bitcoin&#39;s price, there has been a notable uptick in enthusiasm and accumulation among new investors. According to insights provided by leading on-chain analyst and researcher CryptoQuant, a significant portion of Bitcoin&#39;s Realized Cap, approximately 48%, is currently held by short-term holders.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/d699f00489f84566b38c0bd759808551.png" />The analysis highlights an impressive and optimistic attitude among investors who hold their investments for a short period. This indicates that they have a significant influence on the market in the near future. Since a considerable amount of capital is concentrated in the hands of <a href="https://cryptotale.org/vanguard-ceo-holds-firm-against-bitcoin-etfs-amid-criticism-report/" rel="noopener noreferrer nofollow">short-term investors</a>, any selling activity from them could considerably affect market prices in the upcoming weeks and months.<a href="https://cryptotale.org/bitcoin-enthusiasm-surges-as-short-term-holders-hold-48-of-realized-cap/" rel="noopener noreferrer nofollow">Read full article at CryptoTale.</a>

Bitcoin Enthusiasm Surges as Short-Term Holders Hold 48% of Realized Cap

CryptoTale

Other articles published on Mar 18, 2024

Bitcoin’s Rise Influences Luxury Watch Market Stability

DOJ wants 40-50 years prison and $11B fine for FTX’s Sam Bankman-Fried for fraud

Nigeria Proposes Stringent Regulations for Crypto Sector

Binance Tackles Insider Trading Allegations as BOME Coin Soars 40x on Listing

6 Best Altcoins to Invest in Right Now March 18 – Toncoin, ORDI, Mask Network

SLERF and BOME Defy Market Trends with Stunning Valuation Surges

Join our free newsletter for daily crypto updates!