In the extensive macroeconomic uncertainty, the latest full back of Bitcoin will not rebound at $ 109,000 in January, as much as some hopes.
Cryptoquant contributor XBTMANAGER told analysts on March 5, “We must assume that we are in the full back stage after ATH and will continue to be integrated for a while due to liquidity demands.
Bitcoin long bid “execution” when long -term holders go back to purchase
XBTMANAGER once once short-term bitcoin (BTC) (BTC) (starting to sell less than 155 days and long-term holders start purchasing again, long positions will be “executable.”
Until then, they said they should avoid risks when they entered their assets.
“You have to pay attention to the next few months and avoid very dangerous transactions.”
On the first day of Bitcoin on January 20 before the inauguration of US President Donald Trump, short -term holders began to increase their supply, and long -term holders reduced their own.
On January 20, Bitcoin’s $ 109,000 decreased by about 100,000 BTCs in the long -term owners for the next 30 days, but in December, which recorded six figures in December.
Bitcoin has fallen 1.43% over the last seven days. source: Coinmarketcap
According to Bitbo Data, on December 1, long -term holders reached 15.2 million BTC, and according to Bitbo Data, only four days before Bitcoin reached $ 100,000 on December 5. By December 20, it has decreased to 14.7 million.
relevant: Bitcoin is no longer a ‘safe shelter’. $ 82K BTC Price Dive leaves gold.
At the time of publication, the supply of long -term holders is 14.4 million BTC, which is 800,000 BTC decrease since December 1.
Bitcoin repayed less than $ 100,000 on February 4 in a fear of Trump’s promised tariffs. At the Wall Street Open on February 27, the market will be reduced to $ 85,000 as the market digests new US tariffs.
source: Timothy Peterson
That day, the assets plunged below the price of $ 80,000, erasing almost all profits after Trump was elected president on November 5th.
According to CoinmarketCap, Bitcoin is trading at $ 87,100 at the time of publication.
magazine: Grid’s ‘Bigest Update’, Rumble Kong League Review: Web3 Gamer
This article does not include investment advice or recommendation. All investment and trading measures include risks, and the reader must do his own research when making a decision.