BitCoin (BTC) is in a state of adjustment between a widespread economic uncertainty, and it is unlikely that it will return to a high record of $ 109,000 soon in January.
In an analyst released on March 5, the Crypto Canto’s Assistant XBT manager argued that “we are currently in a high adjustment phase, and we must assume that the need for liquidity will continue till time.”
Long -term holder baex are key to long positions
The XBT manager noted that when the short -term (less than 155 days of holders) sell and the long -term holders start buying again, the long position will be “promise”.
Until then, careful trade will be needed, and he said that when the bit enters the coin, it should take a risk -avoiding behavior.
“We will need to be careful in the coming months and avoid high -risk transactions.”
The XBT manager explained that on January 20, for the first time before President Trump took over $ 109,000, short -term holders had increased their holding and long -term holders were selling. After reaching 9 109,000 on January 20, the holding of long -term holders in the next 30 days decreased by about 100,000 BTCs.
Bitcoin price trend ours: Coin Market Cape
Also, a large sale last December, when Bitcoin first crossed 000 100,000.
According to Batbo’s data, by December 1, the long -term holders held 15.2 million BTCs, but on December 5, it arrived at 14.7 million BTC just before Bitcoin, 000 100,000. In addition, on December 20, that number came to 14.4 million BTC.
Currently, the supply of long -term holders is 14.4 million BTC, which is a shortage of 800,000 BTCs from December 1st.
On February 4, Trump’s tariff policy caused a growing concern over the trade war, BitCoin, 000 000 down 100,000.
Later, when the Wall Street Market opened on February 27, it was $ 85,000 after the announcement of new US prices. In addition, the end of the day has been reduced to less than 80,000, and since the November 5 presidential election, almost all the benefits have been canceled.
According to CoinMarket Cap Data, BitCoin is currently trading at 87,100.
The insights and interpretations of this article are the author’s own and does not necessarily reflect the views of the quintal graph. This article does not include investment suggestions or recommendations. Every investment or transaction involves a risk, and readers should make their own research and make decisions.
