Bitcoin short-term holders seem unwilling to cash out amid the SEC FUD. Does this mean $BTC still has room to grow? Read more here -
Short-term holders’ willingness to hold on to their stash depicted that Bitcoin still has room for growth.
However, the latest data suggest that the movement of short-term Bitcoin holders depicted strong interest in staying in the market and gaining profitability.that despite the lackluster in Bitcoin’s price, as it continued to remain trapped within the $25k-$30k range, the possibility for growth in its trajectory is not over yet. The blog post explained,
As such, upon comparing the present cycle with 2019, the analyst noted that the profitability of long-term and short-term holders has not been high enough to trigger heavy selling pressure.
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