Flow

Future

Strong

Bitcoin

Impact

<p style="text-align: justify">You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/bitcoin-hodlers-hold-strong-amid-market-fluctuations/" data-wpel-link="internal">Bitcoin HODLers Hold Strong Amid Market Fluctuations</a><br></p>
<p style="text-align: justify"><a href="https://en.coin-turk.com/bitcoin-price-predictions-what-to-expect-next/" data-wpel-link="internal">Bitcoin</a> HODLers, known as the most resilient players in the market, hold 12.87 million BTC. Despite years of market fluctuations, HODLers have once again proven to be a main driving force by tightly holding onto Bitcoin. This strong position allows them to accumulate Bitcoin during bear markets and make strategic sales during bull markets, showing their influence on market trends.</p> 
<h2 style="text-align: justify" id="miners-market-impact-decreases">Miners’ Market Impact Decreases</h2> 
<p style="text-align: justify">By August 2024, Bitcoin miners’ market volume share had decreased to 7.4%. This decline indicates that miners’ influence on market prices is waning. Miners sell a portion of the Bitcoin they mine to cover operational costs. However, the reduction in their sales volume contributes to decreased market volatility. Less selling by miners indicates a reduction in supply-side pressure on BTC prices, creating a more stable environment for <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> and traders.</p> 
<p style="text-align: justify">81% of Bitcoin holders are in profit, indicating strong market sentiment. However, this ratio can change over time, highlighting the cyclical nature of the market. The narrowing of Bollinger Bands suggests low volatility and potential price consolidation. On the other hand, the Chaikin Money Flow (CMF) indicator at -0.02 is slightly negative, indicating that selling pressure is slightly outweighing buying pressure.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-380016 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-12.png" alt="" width="1718" height="794"></p> 
<p style="text-align: justify">The RSI for Bitcoin is at 48.66, just below the neutral level of 50. This indicates that the market is neither in overbought nor oversold conditions. Recent RSI trends suggest a potential recovery if positive momentum forms.</p> 
<h2 style="text-align: justify" id="bitcoin-network-and-future-expectations">Bitcoin Network and Future Expectations</h2> 
<p style="text-align: justify">While Bitcoin network activity has slightly decreased from its peak levels earlier this year, it remains stable. The number of active addresses at 690.41K shows continued user engagement. The transaction count is at 117.89K, indicating significant stability in the network’s overall health and functionality.</p> 
<p><img loading="lazy" loading="lazy" decoding="async" class="wp-image-380017 size-full aligncenter" src="https://coin-turk.com/wp-content/uploads/2024/08/btc-addresses-and-tx.png" alt="" width="1561" height="787"></p> 
<p style="text-align: justify">Although there is a decline compared to previous high levels, the steady transaction volume indicates that the network’s health is maintained, laying the groundwork for potential <a href="https://newslinker.co/what-are-the-future-technologies/" target="_blank" rel="noopener" data-wpel-link="exclude">future</a> movements.</p> 
<h5><span style="font-weight:bold;font-size:16px">The post first appeared on COINTURK NEWS: </span> <a href="https://en.coin-turk.com/bitcoin-hodlers-hold-strong-amid-market-fluctuations/" data-wpel-link="internal">Bitcoin HODLers Hold Strong Amid Market Fluctuations</a></h5>
<p>The post <a href="https://en.coin-turk.com/bitcoin-hodlers-hold-strong-amid-market-fluctuations/" data-wpel-link="internal">Bitcoin HODLers Hold Strong Amid Market Fluctuations</a> appeared first on <a href="https://en.coin-turk.com" data-wpel-link="internal">COINTURK NEWS</a>.</p>

Bitcoin HODLers Hold Strong Amid Market Fluctuations

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