Bitcoin Price Stable at $26,500 as Investor Composition Changes
Stay updated with the latest trends in the Bitcoin market. Discover how the BTC investor composition is changing and the stability of Bitcoin price at $26,500.
Posted 10 months ago in Bitcoin
Bitcoin (BTC) remained steady at $26,500 as trading closed for the week on September 24. Despite macroeconomic volatility from the United States, BTC price stability continued over the weekend. Analysts predict a slow build-up to a trend shift, with hopes of a liquidity hunt into the weekly close. Bid liquidity has been observed moving higher towards the spot price, indicating market activity.
Recent data from Glassnode reveals that short-term holders (STHs), who have held their coins for 155 days or less, now possess a smaller share of the BTC supply than ever before. This suggests that there are more long-term strong Bitcoin holders in the market. The decline of speculators among active Bitcoin investors has been noted.
It is important to note that this article does not provide investment advice. Readers are encouraged to conduct their own research before making any investment or trading decisions.
Last updated 9/24/2023, 5:31:57 AM
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