The waning cryptocurrency market momentum, coupled with ongoing geopolitical tensions, continues to hamper Bitcoin’s price trajectory, pushing it downward. With BTC’s price and sentiment dropping significantly, the market appears to have entered a phase of heightened uncertainty and caution as investors look for alternative assets to hedge against geopolitical risks. Bitcoin Weakness Reflects Broader Risk-Off…
A few days ago, Bitcoin witnessed a brief upward move close to the $88,000 mark due to the renewed bullish momentum across the general crypto market. However, BTC seems to have lost its steam as its price has fallen below $83,000. The sudden increase might be attributed to the recent slowdown in short-term holders’ accumulation….
On-chain data shows the Bitcoin supply held by the short-term holders has recently been going down at its fastest monthly rate since 2012. Bitcoin Short-Term Holder Supply Plunges As Investors HODL As explained by CryptoQuant author Axel Adler Jr in a new post on X, the 30-day change in the short-term holder supply has plunged…