#bitcoinshorttermholdersreach4.08mbtc
๐ 4.08 MILLION BTC HELD BY SHORT-TERM INVESTORS โ IS BUYING PRESSURE STARTING TO FADE?
Bitcoinโs short-term holder (STH) supply has climbed to a nearly 4-month high, increasing by around 422,000 BTC (+12%) since July 29.
Many recent buyers entered around $82Kโ$86K, while their average cost basis sits near $74.9K.
๐ WHAT THE ON-CHAIN DATA REVEALS:
๐ Buying Momentum Is Slowing Reported inflows reached roughly 154K BTC in the first half of October, but fell to around 48K BTC in the latest week.
โ ๏ธ Profit Margins Are Shrinking Recent buyersโ profit cushion has narrowed from approximately 16% to just 10%. If volatility increases, short-term holders could react faster than long-term investors.
๐ฏ KEY BTC LEVELS TO WATCH:
๐ข $85Kโ$86K: Reclaiming this zone could strengthen bullish momentum.
๐ก $80Kโ$82K: Buyers need to defend this area to maintain recovery hopes.
๐ด Around $74.9K: The average STH cost basis. A move toward this level could increase selling pressure.
๐ก THE BIG PICTURE:
More Bitcoin holders donโt automatically mean stronger demand. The real signal comes from price action, trading volume, and whether fresh capital continues entering the market.
๐ Are short-term buyers preparing Bitcoin for its next rally, or could they become the next major source of selling pressure?
๐ Share your thoughts, and stay disciplined. DYOR!
#Bitcoin #OnChainData #MarketAnalysis $BTC
๐ 4.08 MILLION BTC HELD BY SHORT-TERM INVESTORS โ IS BUYING PRESSURE STARTING TO FADE?
Bitcoinโs short-term holder (STH) supply has climbed to a nearly 4-month high, increasing by around 422,000 BTC (+12%) since July 29.
Many recent buyers entered around $82Kโ$86K, while their average cost basis sits near $74.9K.
๐ WHAT THE ON-CHAIN DATA REVEALS:
๐ Buying Momentum Is Slowing Reported inflows reached roughly 154K BTC in the first half of October, but fell to around 48K BTC in the latest week.
โ ๏ธ Profit Margins Are Shrinking Recent buyersโ profit cushion has narrowed from approximately 16% to just 10%. If volatility increases, short-term holders could react faster than long-term investors.
๐ฏ KEY BTC LEVELS TO WATCH:
๐ข $85Kโ$86K: Reclaiming this zone could strengthen bullish momentum.
๐ก $80Kโ$82K: Buyers need to defend this area to maintain recovery hopes.
๐ด Around $74.9K: The average STH cost basis. A move toward this level could increase selling pressure.
๐ก THE BIG PICTURE:
More Bitcoin holders donโt automatically mean stronger demand. The real signal comes from price action, trading volume, and whether fresh capital continues entering the market.
๐ Are short-term buyers preparing Bitcoin for its next rally, or could they become the next major source of selling pressure?
๐ Share your thoughts, and stay disciplined. DYOR!
#Bitcoin #OnChainData #MarketAnalysis $BTC