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  BTC price action stays firmly within an established range, while analysis shows that overall Bitcoin investor composition is changing. 
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<div class="cointelegraph">
 <p>Bitcoin (BTC) stuck to $26,500 into the Sep. 24 weekly close as exchange trader “accumulation” continued.</p>
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  <img src="https://cdn.thebittimes.com/images/2023/09/24/b7d30d199b2633f2a9c7f4d0e234bcf6.webp">
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   <em>BTC/USD 1-hour chart. Source: TradingView</em>
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 <h2 id="analysis-btc-price-not-ready-to-make-a-move">Analysis: BTC price "not ready to make a move"</h2>
 <p>Data from Cointelegraph Markets Pro and TradingView showed BTC <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a> stability holding firm over the weekend.</p>
 <p>Bitcoin had delivered a cool end to the Wall Street trading week, having also shaken off macroeconomic volatility catalysts from the United States.</p>
 <p>With few cues appearing since, popular trader and analyst Credible Crypto eyed a slow build-up to a trend shift on the Binance order book.</p>
 <p>“Looks like we are not ready to make a move yet,” he summarized to X subscribers on the day. </p>
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  “Meanwhile, two more blocks of bids just filled. The accumulation continues. Maybe we get a slow weekend and start seeing some movement come Monday. Let's see what tomorrow brings.”
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  <img src="https://cdn.thebittimes.com/images/2023/09/24/bdfdb2ee4c49de2434879b2005d0da90.webp">
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   <em>BTC/USD order book data for Binance annotated chart. Source: Credible Crypto/X</em>
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 <p>The day prior, fellow trader Skew had hoped for a “liquidity hunt” into the weekly close, this yet to appear at the time of writing.</p>
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  <p lang="en" dir="ltr">$BTC Aggregate CVDs &amp; Delta<br>loading the sunday liquidity hunt... pic.twitter.com/qFD1dtDGHO</p>— Skew Δ (@52kskew) September 23, 2023
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 <p>Further subtle order book changes were noted by Keith Alan, co-founder of monitoring resource Material Indicators, who spied bid liquidity moving higher toward spot <a rel="dofollow" title="price" href="https://thebittimes.com/tag/price.html">price</a>.</p>
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  <p lang="en" dir="ltr">Looks like the #BTC bid liquidity at $26.2k turned into a market order.#FireCharts pic.twitter.com/zJCTafttNK</p>— Keith Alan (@KAProductions) September 24, 2023
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 <h2 id="btc-short-term-holder-reduced-to-fine-powder">BTC short-term holder reduced to "fine powder"</h2>
 <p>Picking up on active Bitcoin market participants, meanwhile, popular trader and analyst CryptoCon noted a major washout of speculators.</p>
 <p><strong><em>Related:&nbsp;Bitcoin speculators now own the least BTC since $69K all-time highs</em></strong></p>
 <p>Short-term holders (STHs), the cohort of Bitcoin investors who have held their coins for 155 days or less, now control less of the available BTC <a rel="dofollow" title="supply" href="https://thebittimes.com/tag/supply.html">supply</a> than at any point in over a decade.</p>
 <p>Highlighting data from on-chain analytics firm Glassnode, CryptoCon described STH holdings as a “fine powder.”</p>
 <p>“In other words, there are more strong Bitcoin holders than ever before!” part of commentary added.</p>
 <p>Previously, Cointelegraph reported on the implied losses currently being endured by the remaining STH investors.</p>
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  <img src="https://cdn.thebittimes.com/images/2023/09/24/932ff4f085bf23ea52d9a1c80d0705ad.webp">
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   <em>BTC short-term holder supply annotated chart. Source: CryptoCon/X</em>
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 <p class="post-content__disclaimer">This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. </p>
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<p>Source: <a rel="dofollow" target="_blank" href="https://thebittimes.com/btc-price-tracks-26-5k-as-bitcoin-speculator-supply-hits-12-year-low-tbt63824.html">https://thebittimes.com/btc-price-tracks-26-5k-as-bitcoin-speculator-supply-hits-12-year-low-tbt63824.html</a></p>

BTC price tracks $26.5K as Bitcoin speculator supply hits 12-year low

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