bullish

Bitcoin

Rekt

Billion

<p>The Bitcoin market is going through a delicate phase, marked by increased volatility and significant capital movements. Recent on-chain data reveals contrasting behaviors among investors, suggesting upcoming turbulence.</p> 
<h2 id="h-les-short-termistes-dans-la-tourmente">The “short-termists” in turmoil</h2> 
<p><a href="https://www.cointribune.com/en/unbeatable-bitcoin-its-dominance-explodes-to-54/" target="_blank" rel="noreferrer noopener">Short-term Bitcoin holders</a>, those holding assets for less than 155 days, face a perilous situation.</p>
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<p>In the past week, the realized cap for this category of investors has dropped by $6 billion, from $17 billion to $11 billion. This sharp decline indicates increased risk-taking, possibly driven by excessive optimism or an attempt to “<em>catch up with the market</em>.”</p> 
<p>Amr Taha, a renowned analyst at CryptoQuant, <a href="https://cointelegraph.com/news/bitcoin-short-term-holders-realized-cap-6b?utm_source=rss_feed&amp;utm_medium=rss&amp;utm_campaign=rss_partner_inbound" target="_blank" rel="noreferrer noopener">points out</a>: “<em>This sudden increase in buying activity among short-term holders signals a bullish sentiment but could also reflect dangerous exposure to risk in an uncertain market</em>.”</p> 
<div class="affiliate-button"> <a class="affiliate-button__link" href="https://ticket.coinfest.asia/cart/?utm_source=Cointribune&amp;utm_medium=Coinfest%20Asia&amp;utm_campaign=Sponsorship_Coinfest%20Asia_Bouton_Cointribune" target="_blank" rel="noreferrer noopener">20% off with code CA24COINTRIBUNE</a> <a class="affiliate-button__disclaimer" href="https://www.cointribune.com/en/sponsored-content/" target="_blank" rel="noreferrer noopener">This link uses an affiliate program.</a> 
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<h2 id="h-les-veterans-du-bitcoin-saisissent-l-opportunite">Bitcoin veterans seizing the opportunity</h2> 
<p>Meanwhile, long-term investors, holding Bitcoins for more than 155 days, seem to be taking a more cautious approach. On-chain data indicate an equivalent $6 billion drop in their realized cap, suggesting strategic <a href="https://www.cointribune.com/en/crypto-ethereum-whales-take-their-profits-a-worrisome-sign/" target="_blank" rel="noreferrer noopener">profit-taking</a>.</p> 
<p>This dichotomy in behaviors among different investor groups raises questions about the market’s future direction. Some experts, like the anonymous trader Rekt Capital, warn of a possible short-term correction: “<em>Bitcoin is currently showing early signs of an imminent drop.</em>“</p> 
<p>Despite these short-term turbulences, <a href="https://www.cointribune.com/en/?p=732416" target="_blank" rel="noreferrer noopener">Bitcoin maintains its upward trajectory</a> over a larger time scale. The trader Mags notes optimistically: “<em>The 3-month chart remains incredibly bullish, with a new close above the historical highs of 2021.</em>“</p> 
<p>In short, in this volatile context, caution is advised. Investors must remain attentive to market signals while keeping in mind <a href="https://www.cointribune.com/en/bitcoin-or-ether-which-will-best-withstand-us-electoral-uncertainty/" target="_blank" rel="noreferrer noopener">the long-term potential of Bitcoin</a> in an ever-changing financial landscape.</p>

Bitcoin: Short-Term Holders on the Brink as $6 Billion Vanishes

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