2024

Bitcoin

Impact

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<p>Beginner investors are giving up and selling their holdings in fear. This is increasing selling pressure in the <a href="https://blockchainreporter.net/price-prediction/bitcoin-price-prediction/" data-type="post" data-id="64778">Bitcoin</a> market. According to <a href="https://cryptoquant.com/" target="_blank" rel="noopener">CryptoQuant</a> data, approximately $2.4 billion worth of Bitcoin, aged between 3 and 6 months, moved on the network during the recent price drop.</p> 
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   <p lang="en" dir="ltr">Beginner investors are capitulating and increasing selling pressure<br><br>“Approximately $2.4 billion worth of <a href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener">#Bitcoin</a> aged between 3 and 6 months moved on the network during the drop.” – By <a href="https://twitter.com/caueconomy?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">@caueconomy</a> <br><br>Read more 👇<a href="https://t.co/W46LKwg9Hb" target="_blank">https://t.co/W46LKwg9Hb</a> <a href="https://t.co/C3OzfIMbSo" target="_blank">pic.twitter.com/C3OzfIMbSo</a></p>— CryptoQuant.com (@cryptoquant_com) <a href="https://twitter.com/cryptoquant_com/status/1808848168806727953?ref_src=twsrc%5Etfw" target="_blank" rel="noopener">July 4, 2024</a>
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<h2 class="wp-block-heading" id="true-long-term-bitcoin-holders-hold-steady-during-price-drop">True Long-Term Bitcoin Holders Hold Steady During Price Drop</h2> 
<p>This selling pressure arises from individuals who activated their Bitcoin investments at the beginning of the year. Such investors probably expected to gain substantial returns from ETFs and Halvings. Whereas they once hoped to profit from market, they are now being forced out of the market. It is obvious that these entities can be referred to as “long-term” holders. However, they act rather as ‘short-run’ as they have entered the market at the beginning of year.</p> 
<p>While short-term holders are showing a tendency to sell their Bitcoins. On the other hand, long-term holders, who have been holding Bitcoins for over a year, have not displayed the same inclination to sell their Bitcoins during this market dip. This means that true Bitcoin holders or investors are still in possession of their cryptocurrencies.</p> 
<h2 class="wp-block-heading" id="declines-highlight-volatility-and-investor-impact-in-crypto-market">Declines Highlight Volatility and Investor Impact in Crypto Market</h2> 
<p>These actions are pushing it further downwards and have brought the Bitcoin prices down in the recent past due to the actions of these beginner investors. The difference between short-term holders and long-held investors is appearing clearer and clearer. However, true long-term holders are still present within the market.</p> 
<p>Such declines prove that the cryptocurrency market is highly and closely associated with the stresses, flows, and effects of different types of investors. It also underlines the necessity for the evaluation of the market and the strategy of investing, especially when it comes to individuals with no experience in trading.</p>

Beginner Bitcoin Investors Increasing Selling Pressure

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BlockchainReporter

Ďalšie články zverejnené 4. 7. 2024

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