CryptoQuant: The group that holds the currency for 3-6 months recently transferred about 170,000 BTC, which may cause price fluctuations

PANews reported on April 19 that according to Cointelegraph, the on-chain analysis platform CryptoQuant warned in its Quicktake blog post that the Bitcoin market is about to be shaken. Analyst Mignolet disclosed that about 170,000 BTC are being transferred from the group that holds for 3 to 6 months. The behavior of these short-term holders may cause the current calm BTC price to not last long, which usually indicates that major fluctuations are coming. In contrast, long-term holders only move about 529 BTC per day, highlighting short-term fear or profit-taking, while long-term beliefs remain intact.

CryptoQuant: The group that holds the currency for 3-6 months recently transferred about 170,000 BTC, which may cause price fluctuations

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Author: PA一线

This content is for informational purposes only and does not constitute investment advice.

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