Current data revealed that long-term investors maintain their dominance over Bitcoin (BTC).
Bitcoin price in recent days 42-43 thousand dollars on-chain data while continuing to browse the bandwidth the determined attitudes of long-term investors It showed what they were protecting.
According to data provided by on-chain analysis platform CryptoQuant, the dominance of short-term Bitcoin investors limited to 35% long-term investors while remaining 65% was largely on the dominant side.
Bitcoin is far from its peak
Short-term investor data, which is an important signal for the bottom in Bitcoin price, around 20-25% Historically, this has been the case when at rock bottom prices he pointed out. On the other hand, the short-term investor rate When it reaches 80% was previously on the market peak had been seen. Currently, 35% dominance of short-term investors is Bitcoin. much closer to the bottom than the top revealed that it was.
Based on this data, Bitcoin’s long-term has a significant price increase potential Analysts reminded that investors who consistently do not sell their assets can push the price up:
Typically during bear market periods, price bottoms in Bitcoin have occurred when short-term holders’ share of Bitcoin holdings reaches 20-25%. Considering this concept, potential market peaks have been observed when capital held by short-term holders reaches 70-80%. Today, the dominance of short-term owners or the capital they hold is at 35%. In a long-term perspective, Bitcoin still has significant growth potential
According to CoinGecko data, in the last 24 hours 1.8% Bitcoin losing value at the time of writing from $42,186 is being traded.