Opinion: We should not worry about long-term Bitcoin holders occasionally selling, as this can create a healthy pullback
Odaily Planet Daily reports that cryptocurrency analysts suggest short-term Bitcoin holders (those who have held Bitcoin for less than 155 days) seem to have more confidence in the upward trend of the market, making them more optimistic about the price of Bitcoin over the next 12 months. When Bitcoin prices rise, short-term holders enter the market in large numbers, indicating they are "entering out of fear of missing out." The speculative behavior of short-term holders has set a bullish tone for 2025.
Meanwhile, occasional selling by long-term holders should not cause concern as it can "create healthy pullbacks and provide opportunities for new accumulation". According to another analysis conducted by CryptoQuant contributor "Crazzyblockk" on January 24th, long-term holders have largely avoided massive sell-offs and despite current market volatility, still maintain strong HODLing sentiment. (Cointelegraph)
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Secretary of the National Security and Defense Council of Ukraine and his team have departed for the United States.
Shanghai's fintech industry scale in 2024 is approximately 440.5 billions yuan.
A certain whale shorted 5,000 ETH with 5x leverage, worth approximately $15.02 million.
Froggie market cap is now $8.18 million, with a 24-hour increase of 37.09%.