{"id":180061,"date":"2023-10-24T17:30:13","date_gmt":"2023-10-24T12:00:13","guid":{"rendered":"https:\/\/dripp.zone\/news\/?p=180061"},"modified":"2023-10-24T17:30:13","modified_gmt":"2023-10-24T12:00:13","slug":"short-term-holders-rush-to-sell-bitcoin-amid-market-pump-crypto-news","status":"publish","type":"post","link":"https:\/\/dripp.zone\/news\/short-term-holders-rush-to-sell-bitcoin-amid-market-pump-crypto-news\/","title":{"rendered":"Short-term holders rush to sell Bitcoin amid market pump – Crypto News"},"content":{"rendered":"

<\/p>\n

Quick Take<\/h2>\n

As Bitcoin reached a notable milestone of $35,000, up 20% in the past five days, it marked the fourth largest instance of profit-taking by short-term holders, classified as those who have held Bitcoin for less than six months and transferred approximately 28,000 Bitcoin to exchanges for profit.<\/p>\n

Short-term holder to exchanges in profit: (Source: Glassnode)<\/figcaption><\/figure>\n

The dwindling supply by short-term holders, now standing at around 2.35 million BTC, echoes a progressive decrease in this cohort\u2019s impact on the market, particularly when compared to long-term holders, who now occupy almost 15 million of the Bitcoin supply.<\/p>\n

This shift is essential because about 11.5 million BTC, currently held by long-term holders, are profitable. Interestingly, this was also the scenario in May 2022, right before the Luna collapse.<\/p>\n

\"Supply
Supply in profit by long-term holders (Source: Glassnode)<\/figcaption><\/figure>\n

The post Short-term holders rush to sell Bitcoin amid market pump<\/a> appeared first on CryptoSlate<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

Quick Take As Bitcoin reached a notable milestone of $35,000, up 20% in the past five days, it marked the fourth largest instance of profit-taking by short-term holders, classified as those who have held Bitcoin for less than six months and transferred approximately 28,000 Bitcoin to exchanges for profit. Short-term holder to exchanges in profit: […]<\/p>\n","protected":false},"author":2,"featured_media":180062,"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-180061","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\/180061","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=180061"}],"version-history":[{"count":1,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180061\/revisions"}],"predecessor-version":[{"id":180063,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/posts\/180061\/revisions\/180063"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media\/180062"}],"wp:attachment":[{"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/media?parent=180061"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/categories?post=180061"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dripp.zone\/news\/wp-json\/wp\/v2\/tags?post=180061"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}