According to Mars Finance, analyst Mignolet published an article on the CryptoQuant blog platform Quicktake warning that the Bitcoin market is about to experience turbulence. Mignolet revealed data showing that approximately 170,000 BTC are being transferred from holders who have held for 3 to 6 months. The actions of these short-term holders may lead to the current calm BTC price not lasting long and also indicate that a significant fluctuation is imminent in the market. In contrast, long-term holders move only about 529 BTC daily, highlighting short-term fear or profit pullback, while long-term conviction remains intact.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
Analysts: The group holding coins for 3-6 months has recently transferred about 170,000 BTC, which may trigger price fluctuations.
According to Mars Finance, analyst Mignolet published an article on the CryptoQuant blog platform Quicktake warning that the Bitcoin market is about to experience turbulence. Mignolet revealed data showing that approximately 170,000 BTC are being transferred from holders who have held for 3 to 6 months. The actions of these short-term holders may lead to the current calm BTC price not lasting long and also indicate that a significant fluctuation is imminent in the market. In contrast, long-term holders move only about 529 BTC daily, highlighting short-term fear or profit pullback, while long-term conviction remains intact.