Bitcoin Short-Term Holders Are Distributing Again — Local Price Top Imminent?

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Bitcoin Short-Term Holders Are Distributing Again — Local Price Top Imminent? - NewsBTC

Quick Summary:

Here’s When BTC Price Could Begin To Witness Significant Correction In a new post on the social media platform X, investment data firm Alphractal revealed that the Bitcoin short-term holders (STH) are starting to distribute their coins.

The short-term holders are known to be the most reactive group of investors, as seen with the BTC investors shaving off their holdings following the recent increase in the Bitcoin price.

The on-chain analytics firm also highlighted that the Short-Term Holder realized price currently sits at $94,500, acting as the final support level preventing this investor group from going underwater.