Bitcoin

<h2 id="quick-take">Quick Take</h2>
<h3 id="profit-taking">Profit Taking</h3>
<ul>
<li>After the SVB collapse in March, long-term holders (Blue) took the most profit for over a year.</li>
<li>While short-term holders (red) bought the bottom of the dip and then offloaded the Bitcoin (<a href="http://www.cryptoslate.com/coins/bitcoin">BTC</a>) for profits immediately — the same happened during Luna and FTX.</li>
</ul>
<figure id="attachment_319603" aria-describedby="caption-attachment-319603" style="width: 937px" class="wp-caption aligncenter"><img class="wp-image-319603 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/profit.png" alt="Profit Taking: (Source: Glassnode)" width="937" height="526" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/profit.png 937w, https://cryptoslate.com/wp-content/uploads/2023/04/profit-300x168.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/profit-768x431.png 768w" sizes="(max-width: 937px) 100vw, 937px" /><figcaption id="caption-attachment-319603" class="wp-caption-text">Profit Taking: (Source: Glassnode)</figcaption></figure>
<h3 id="loss-taking">Loss Taking</h3>
<ul>
<li><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">After Bitcoin</span><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0"> lost its $30,000 support, we have seen a rise in loss-taking from short-term holders — selling off over 40,000 BTC in the past seven days. This cohort bought the local top. </span></li>
<li><span class="css-901oao css-16my406 r-poiln3 r-bcqeeo r-qvutc0">At the same time, we have seen a slight capitulation from long-term holders — selling off roughly 10,000 BTC in the past seven days. </span></li>
</ul>
<figure id="attachment_319602" aria-describedby="caption-attachment-319602" style="width: 937px" class="wp-caption aligncenter"><img class="wp-image-319602 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/04/loss-1.png" alt="Loss Taking: (Source: Glassnode)" width="937" height="518" srcset="https://cryptoslate.com/wp-content/uploads/2023/04/loss-1.png 937w, https://cryptoslate.com/wp-content/uploads/2023/04/loss-1-300x166.png 300w, https://cryptoslate.com/wp-content/uploads/2023/04/loss-1-768x425.png 768w" sizes="(max-width: 937px) 100vw, 937px" /><figcaption id="caption-attachment-319602" class="wp-caption-text">Loss Taking: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/bitcoins-30k-plunge-short-term-holders-sell-off-btc-long-term-holders-unfazed/">Bitcoin&#8217;s 30k plunge – short-term holders sell off BTC, long-term holders unfazed</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Bitcoin’s 30k plunge – short-term holders sell off BTC, long-term holders unfazed

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