Bitcoin Hodlers and Short-Term Holders Set "Bullish Tone" for 2025, Says Crypto Analyst
According to a crypto analyst, Bitcoin hodlers are continuing to accumulate during price declines, while short-term holders are buying more during price surges driven by FOMO, setting a "bullish tone" for 2025. Long-term Bitcoin holders' dominance remains high, signaling strong long-term conviction. Short-term holder behavior is setting a positive tone for Bitcoin's price over the next 12 months. Occasional sell-offs by long-term holders shouldn't be a cause for concern, as they can create healthy pullbacks, offering opportunities for new accumulation. Recent on-chain data revealed that only 18% of Bitcoin deposits into crypto exchange Binance come from long-term holders.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Stablecoin Liquidity Hits $204B, Hints at Possible Bitcoin Rally
Trump-imposed tariffs to begin Tuesday as Mexico, Canada announce retaliatory response
President Trump on Saturday signed an executive order imposing 25% tariffs on imports from Canada and Mexico, with a 10% tariff on Canadian energy and oil, and an additional 10% tariff on China.The implementation of the tariffs was delayed to Tuesday at 12:01 am.Mexico’s President Sheinbaum announced the country would implement both tariff and non-tariff retaliatory measures, while Canadian PM Trudeau said Saturday night Canada would implement 25% tariffs on a swath of American goods in response.
Trending news
MoreCrypto prices
More
