Bitcoin (BTC) price is unable to rise due to selling pressure from short-term holders and retail investors rather than whales and legacy investors.
According to the CryptoQuant analyst, the selling pressure on Bitcoin is not coming from large investors or long-term holders, but rather from retail investors and short-term holders.
For the last 15 days, the selling pressure in Bitcoin has been constantly observed on exchanges. According to data from CryptoQuant's Exchange Inflow Age/Value Bands, short-term investors are among the main sellers, sending around 930 Bitcoins daily. In contrast, long-term investors move an average of 529 Bitcoins daily, indicating that their long-term beliefs are still strong.
The movements of different groups among investors are also noteworthy. The breakdown of sales from April 1 onwards is as follows:
Shrimps az( from )1 BTC: 480 BTC per day
Crabs (1–10 BTC): 102 BTC per day
Fish (10–100 BTC): 341 BTC per day
Sharks (100–1,000 BTC): 402 BTC per day
Whales (1,000 BTC and üzeri): Only 70 BTC per day
Where does the Bitcoin selling pressure come from?
The main source of selling pressure is not whales and former holders, but retail investors and short-term investors. This can be considered as a classic "shakeout", that is, a market shakeout. As Bitcoin's price moves sideways and volatility narrows, the sell-off in this group stands out as the biggest obstacle to the price rising.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
Who Sells Bitcoin? Here is the big obstacle to the price rise! - Coin Newsletter
Bitcoin (BTC) price is unable to rise due to selling pressure from short-term holders and retail investors rather than whales and legacy investors.
According to the CryptoQuant analyst, the selling pressure on Bitcoin is not coming from large investors or long-term holders, but rather from retail investors and short-term holders.
For the last 15 days, the selling pressure in Bitcoin has been constantly observed on exchanges. According to data from CryptoQuant's Exchange Inflow Age/Value Bands, short-term investors are among the main sellers, sending around 930 Bitcoins daily. In contrast, long-term investors move an average of 529 Bitcoins daily, indicating that their long-term beliefs are still strong.
The movements of different groups among investors are also noteworthy. The breakdown of sales from April 1 onwards is as follows:
Where does the Bitcoin selling pressure come from?
The main source of selling pressure is not whales and former holders, but retail investors and short-term investors. This can be considered as a classic "shakeout", that is, a market shakeout. As Bitcoin's price moves sideways and volatility narrows, the sell-off in this group stands out as the biggest obstacle to the price rising.