The Number of Short-Term Bitcoin Holders Declines, Long-Term Holders Accumulate as a Trend
Publication Time:2024-09-11 18:31:07
According to research by the cryptocurrency data analysis platform CryptoQuant, the number of short-term holders of Bitcoin has been showing a continuous downward trend since late May, indicating that market demand is gradually weakening. Julio Moreno, an advanced research analyst at CryptoQuant, interpreted this phenomenon, pointing out that it reflects the current weak demand for Bitcoin. In contrast, long-term holders have shown active accumulation behavior during this period. Moreno further pointed out that if there is an increase in demand for Bitcoin in the future, this dynamic relationship may reverse, leading short-term holders to start purchasing Bitcoin from long-term holders.
Bitcoin
Market Dynamics
Long-Term Holders
Short-Term Holders
Weak Demand