Bitcoin’s corrective phase hit a four-month low at $76,600 on March 11, but long-term holders are still holding large amounts of BTC, indicating a unique market dynamic, according to recent research. Glassnode’s March 18 markets report highlighted the subdued activity among Long-Term Holders (LTHs) and the decline in their sell-side pressure. The Binary Spending Indicator shows a slowdown in LTH spending, suggesting a willingness to hold rather than spend coins. This shift in sentiment among LTHs is seen as a positive sign for the market. While bull market tops typically see intense sell-side pressure and profit-taking among LTHs, the current behavior suggests a more bullish outlook. Additionally, new Bitcoin whales, addresses holding at least 1,000 BTC with an average acquisition age of less than six months, are aggressively accumulating BTC. This accumulation signals strong confidence in Bitcoin’s long-term prospects among these new large investors. The sustained inflow of over 1 million BTC since November 2024 by these wallets indicates increased institutional or high-net-worth participation in the market. Despite differing opinions on Bitcoin’s future price action, with some seeing the recent drop as a normal correction and others predicting a bearish or sideways market for the next 6-12 months, the market remains uncertain. This article serves as information and does not provide investment advice. Investors are advised to conduct their own research before making decisions.<\/p>\n","protected":false},"excerpt":{"rendered":"
Bitcoin’s corrective phase hit a four-month low at $76,600 on March 11, but long-term holders are still holding large amounts of BTC, indicating a unique market dynamic, according to recent research. Glassnode’s March 18 markets report highlighted the subdued activity among Long-Term Holders (LTHs) and the decline in their sell-side pressure. The Binary Spending Indicator […]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"footnotes":""},"categories":[25],"tags":[],"aioseo_notices":[],"featured_image_urls":{"full":"","thumbnail":"","medium":"","medium_large":"","large":"","1536x1536":"","2048x2048":""},"author_info":{"display_name":"","author_link":"https:\/\/vanillanews.com\/index.php\/author\/"},"category_info":"JUST IN<\/a>","tag_info":"JUST IN","comment_count":"0","_links":{"self":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/68072"}],"collection":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/comments?post=68072"}],"version-history":[{"count":0,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/posts\/68072\/revisions"}],"wp:attachment":[{"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/media?parent=68072"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/categories?post=68072"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/vanillanews.com\/index.php\/wp-json\/wp\/v2\/tags?post=68072"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}