Cryptocurrency analysis firm CryptoQuant has shared remarkable data on Bitcoin selling pressure over the last 15 days. According to the company’s assessment titled “Who is Really Selling Bitcoin?”, the majority of the sales during the current correction process come from short-term and medium-sized investors, not long-term investors. According to CryptoQuant’s “Exchange Entry Age/Value Groups” data: Short-Term Traders (STH) lead the way in sales, sending an average of 930 BTC to exchanges per day. In contrast, Long-Term Traders (LTH) are selling lower at just 529 BTC/day, suggesting that long-term investors maintain their faith in Bitcoin, while the selling is due to short-term panic or profit taking. Related News: "No Bottom in Bitcoin Yet," Analyst Says, Predicts Where the Bottom Is As of April 1, the daily sales amounts by wallet size are as follows: Bireysel Küçük Yatırımcılar ( Small Traders (1–10 BTC): 102 BTC/day Medium Investors (10–100 BTC): 341 BTC/day Large Investors (100–1,000 BTC): 402 BTC/day Balinalar (>1,000 BTC): Sadece 70 BTC/gün According to CryptoQuant’s analysis, the recent selling pressure is not coming from whales or long-term investors. The pressure is coming from small and medium-sized investors and short-term position holders. This suggests that the current correction is a “shakeout,” meaning the elimination of panicked small investors. *This is not investment advice. Continue Reading: Who is Selling Bitcoin (BTC)? Big Whales or Small Investors? Data Released
Why is Bitcoin Cash Price up Today?
