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Bitcoin Faces Pressure as Short-Term Holders Sell

Key Takeaways

  • Over 26,000 Bitcoin (BTC) were transferred to exchanges within 24 hours.
  • The main drivers are short-term holders (STHs) who are taking profits.
  • The selling wave has significantly weakened the demand momentum.
  • Long-term holders (LTHs) continue to maintain their positions steadily.
  • The Bitcoin price may enter a consolidation phase between USD 92,000 and USD 95,000.

Strong BTC Inflows to Exchanges – What’s Behind It?

In the past 24 hours, more than 26,000 BTC have been sent to central crypto exchanges, marking a significant increase in selling activity. The majority of these transactions come from short-term holders – investors who have held their coins for less than a month. This group is currently taking advantage of the recent surge in Bitcoin prices to realize profits.

Demand Momentum Drops to -480,000 BTC

A key indicator, the so-called Demand Momentum, has fallen to -480,000 BTC according to data from CryptoQuant. This value indicates that short-term holders are selling significantly more than long-term holders. A negative value signals a decrease in demand and an increase in selling pressure.

Profit-Taking Dominates the Market

The Spot Volume Delta – a measure of the ratio between buys and sells on the spot market – has been strongly negative over the past three days. The current value stands at -301 million USD. This suggests a market phase where sellers dominate and buyers are increasingly cautious.

In addition, the so-called Profit-Taker RSI (Relative Strength Index) has risen to 82. This indicator measures how strongly realized profits are impacting the market. A high value like this points to increased selling pressure.

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Long-Term Holders Remain Calm

While short-term investors are actively selling their BTC holdings, long-term holders show no willingness to sell. This group appears to be betting on higher prices or currently sees no need to act. As a result, they help stabilize the market by limiting supply.

What Does This Mean for the Bitcoin Price?

The Bitcoin price is currently at a turning point. The sales by short-term holders are slowing the previous upward trend. At the same time, long-term holders are providing a degree of stability. As long as STH selling activity continues, the price is likely to fluctuate between USD 92,000 and USD 95,000. A sustained breakout above USD 96,000 is only possible if selling pressure eases.

Our Assessment

The current developments reflect typical market behaviour following a price rally: investors who entered the market short-term are locking in their profits. For you as an investor, this means: keep a close eye on the actions of short-term holders. If selling pressure subsides, a new entry opportunity may arise. However, as long as demand remains weak, caution is advised. Long-term oriented investors appear to remain confident in Bitcoin – a positive signal for medium-term prospects.

Casinos: 53
Profile Bitcoin
Symbol BTC
Coin type Alt Coin
Transaction Speed Slow
Pros
  • First cryptocurrency, therefore very widespread
  • Largest selection of casinos among the coins
  • Many BTC based bonus offers
Cons
  • Fairly low transaction speed
Further practical applications
Price $96,877.00
24h % 0.76 %
7d % 3.25 %
30d % 13.94 %
60d % 5.48 %
1y % 67.59 %
Market Cap $1,924,041,029,525.00
Max. Supply 21,000,000.00
Official Links
Socials Reddit | X | Message Board
Best 3 Bitcoin casinos

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Last update: May 2, 2025

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