Analyst: The Group Holding Coins for 3-6 Months Has Recently Transferred About 170,000 BTC, Potentially Triggering Price Volatility
Odaily reports that analyst Mignolet published an article on CryptoQuant's blog platform, Quicktake, warning of impending volatility in the Bitcoin market. Mignolet disclosed data showing that approximately 170,000 BTC are being transferred from the group holding for 3 to 6 months. The actions of these short-term holders may lead to the current calm BTC price not lasting for long, indicating a significant market fluctuation is imminent. In contrast, long-term holders are moving only about 529 BTC daily, highlighting short-term fear or profit-taking while long-term confidence remains intact.
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.
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