<\/p>\n
A sell-off from short-term holders appears to have mostly fueled Bitcoin\u2019s<\/a> drop to $25,000.<\/p>\n While there are many on-chain metrics pointing to this fact, it becomes clear when analyzing the changes in Bitcoin\u2019s old coin supply \u2014 i.e., supply that was last active more than six months ago.<\/p>\n Positive values indicate a net increase in old coin supply, showing that coins acquired less than six months ago are maturing faster than 6-month-old and older coins are being spent. Negative values show a net decrease in old supply, indicating that the rate of 6-month-old and older coins being spent is higher than that of coins maturing into this cohort.<\/p>\n The 30-day change in old coin supply shows a significant increase at the end of August, with over 92,000 BTC entering old supply on Sep. 5. This indicates the sell-pressure Bitcoin experienced at the end of August was mostly fueled by coins acquired less than six months ago, which fall into the category of short-term holders.<\/p>\n The post Changes in old supply shows selling pressure came from short-term holders<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":" Quick Take A sell-off from short-term holders appears to have mostly fueled Bitcoin\u2019s drop to $25,000. While there are many on-chain metrics pointing to this fact, it becomes clear when analyzing the changes in Bitcoin\u2019s old coin supply \u2014 i.e., supply that was last active more than six months ago. Positive values indicate a net […]<\/p>\n","protected":false},"author":2,"featured_media":151693,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[230,225,221,227,226,228,229,60,223,224,222],"class_list":["post-151692","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency","tag-brave","tag-coinbase","tag-crypto","tag-decentralised","tag-decentralized","tag-decentralized-exchange","tag-erc-20","tag-featured","tag-meme-coin","tag-robinhood","tag-solana"],"_links":{"self":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151692","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/comments?post=151692"}],"version-history":[{"count":2,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151692\/revisions"}],"predecessor-version":[{"id":151695,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/151692\/revisions\/151695"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/151693"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=151692"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=151692"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=151692"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}