Therefore, AMBCrypto then planned to take a closer look at the king of cryptos’ state to better understand where it was headed.“Based on this metric, now 50% of the realized Bitcoin cap belongs to short-term holders, who tend to hold onto their Bitcoins for longer periods.”
This might be troublesome as it suggests the increased value held by short-term holders may lead to a tendency to take profits or exit, causing market volatility.The analysis turned out to be true, as after a week-long bull rally, the king of cryptos’ value witnessed a slight correction. According toAt press time, it was trading at $70,015.84 with a market capitalization of over $1.38 trillion.
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