Decoding Bitcoin’s recent price surge: This group leads the way

witnessed a massive bump in price over the last few days, causing a surge in optimism amongst traders. But it wasn’t just traders that were showing optimism around BTC.In the last few days, the Short Term Holders supply saw a net increase of over 20,000 Bitcoin.

This increased demand from STHs creates a positive feedback loop. As more people buy in, the price goes up, attracting even more buyers. This can accelerate price increases. So, while STH accumulation is a positive sign for Bitcoin’s short-term momentum, it could affect BTC’s long term growth.Another indicator of the rising number of Short Term Holders would be the declining Long/Short ratio. A falling long/short ratio suggested that the number of long-term holders accumulating BTC were declining.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin halving price prediction – Identifying BTC’s potential price levelsBitcoin [BTC] finds itself at a crucial juncture now with only a few hours left for the much-anticipated 4th halving. However, according to..
Source: CryptoAmb - 🏆 22. / 68 Read more »

Decoding Bitcoin’s 20% hashrate decline: Why are miners struggling?The decline in Bitcoin’s [BTC] hashrate post-halving hints at a potential miner capitulation, pseudonymous CryptoQuant analyst...
Source: CryptoAmb - 🏆 22. / 68 Read more »

XRP: Decoding what’s next – Do bulls still stand a chance?What's next for XRP as the altcoin continues to spiral further downwards? AMBCrypto takes a look at what bulls are up to currently.
Source: CryptoAmb - 🏆 22. / 68 Read more »

What Bitcoin ETFs and their record volumes tell us about HODLersETF trading volumes saw a significant surge as the price of BTC rose on the charts. Will BTC 's price be affected positively?
Source: CryptoAmb - 🏆 22. / 68 Read more »