According to CryptoQuant, around 170,000 bitcoins owned by short-term investors (3 to 6 months) are being moved, which could lead to significant price fluctuations. This is the largest volume of movement since late 2021. Short-term investors send an average of 930 bitcoins to exchanges daily, indicating selling pressure from this group of holders. Analysts describe this event as a ‘classic shakeout’ and believe that this price correction is not due to smart investor exits, but more of a reaction from short-term and mid-term holders. With Bitcoin price moving sideways and volatility decreasing, it is expected that these movements will result in increased price fluctuations in the coming days.
Stay informed about the potential Bitcoin price fluctuations caused by significant movements of short-term investors. Analysts predict increased volatility ahead.