Bitcoin

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Bitcoin’s price hasn’t been surging as it used to, raising questions among investors. A report from the market research firm CryptoQuant sheds light on the issue, identifying a significant drop in the supply of short-term holders (STH), which could be holding back the cryptocurrency’s explosive price movements. 
According to CryptoQuant, the 30-day change in Bitcoin’s STH supply has hit its lowest levels since 2012, signaling a major shift in market dynamics. 
The supply of Bitcoin is increasingly shifting towards long-term holders (LTH)—investors who typically accumulate and hold Bitcoin for 155 days or more. While this shift indicates confidence in Bitcoin’s long-term value, the lack of activity from short-term holders may be suppressing the asset’s price momentum. 
<img loading="lazy" decoding="async" class="alignnone size-full wp-image-15211" src="https://www.turkishnyradio.com/wp-content/uploads/2024/09/depicting-the-slow-growth-of-Bitcoin-in-2024-Show-the-Bitcoin-logo-with-a-stock-chart-in-the-background-displaying-minimal-upward-movem.webp" alt="depicting the slow growth of Bitcoin in 2024 Show the Bitcoin logo with a stock chart in the background displaying minimal upward movem" width="1792" height="1024" title="Why Isn’t Bitcoin Experiencing Explosive Growth? Analysis Company Reveals the Real Reason 18" srcset="https://www.turkishnyradio.com/wp-content/uploads/2024/09/depicting-the-slow-growth-of-Bitcoin-in-2024-Show-the-Bitcoin-logo-with-a-stock-chart-in-the-background-displaying-minimal-upward-movem.webp 1792w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/depicting-the-slow-growth-of-Bitcoin-in-2024-Show-the-Bitcoin-logo-with-a-stock-chart-in-the-background-displaying-minimal-upward-movem-768x439.webp 768w, https://www.turkishnyradio.com/wp-content/uploads/2024/09/depicting-the-slow-growth-of-Bitcoin-in-2024-Show-the-Bitcoin-logo-with-a-stock-chart-in-the-background-displaying-minimal-upward-movem-1536x878.webp 1536w" sizes="(max-width: 1792px) 100vw, 1792px"> 
<h2 id="the-need-for-fresh-demand">The Need for Fresh Demand</h2> 
Julio Moreno, CryptoQuant’s Head of Research, explained: “Historically, Bitcoin reaches new highs when new holders buy from long-term holders, driving up prices.” While accumulation by LTHs is often a precursor to future price increases, fresh demand from STHs is essential to ignite a sustained rally. 
According to Moreno, “For Bitcoin to sustain a price rally, it needs fresh demand from short-term buyers. This is what happens during bull cycles.” Without this crucial demand, Bitcoin’s price may struggle to rise as dramatically as it has in previous cycles.

Why Isn’t Bitcoin Experiencing Explosive Growth? Analysis Company Reveals the Real Reason

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