30 days ago • Posted by William Ramstein

BTC correction insight: short term holders panic sell and long term hodlers are buying the dip

BTC market is in a historically significant correction but there are signals indicating short term holders are leading the selling--long term holders are stepping in on the lower bids. The graphic below shows that short term holders are realizing the bulk of losses, losses that could explain part of the sell-off. New coin holders reached 28% of BTC supply, 9% less than in 2017. Aside from the panic sell, it could also be the case that we are seeing a rotation into other crypto assets.

Source: glassnode