In the Bitcoin 
$91,967 market, short-term investors have exhibited remarkable activity in recent months. According to data, since September, short-term Bitcoin holders (STH) have purchased an additional 1.5 million Bitcoins, increasing their total balance to over 4 million. During this period, the price of Bitcoin rose from $60,000 to $109,000, before falling back below $100,000. Experts emphasize that this activity could have significant effects on the market.
Short-Term Investors’ Buying Strategy
Short-term Bitcoin holders (STH) refer to investors who hold Bitcoin for less than 155 days. Since September, these investors have purchased an average of 300,000 Bitcoins monthly, contributing significantly to the market’s upward trend.
Historically, short-term investors’ buying patterns have often indicated price peaks during previous bull markets. In the rising periods of 2013, 2017, and 2021, the amount of Bitcoin held by STH reached levels of 5 million, 6.2 million, and 4.6 million, respectively. Although the current level is below these figures, experts foresee that new investors may continue entering the market, signaling potential new gains in Bitcoin’s price.
Long-Term Investors’ Profit-Taking Moves
Long-term Bitcoin holders (LTH) have employed a different strategy during this period. These investors, who hold Bitcoin for more than 155 days, have recently sold approximately 1.2 million Bitcoins to realize profits. These sales followed a significant price increase in November.
Experts indicate that the sales by long-term investors triggered stagnation in Bitcoin’s price. The increase in selling has led to Bitcoin retreating below the $100,000 mark. However, these actions are viewed more as strategic moves by maturing investors rather than negative signals for the market.
Past market cycles demonstrate a balanced interaction between the buying momentum of short-term investors and the profit-taking actions of long-term holders. This interaction may provide critical clues for future price movements of Bitcoin. The diverse strategies of investors emerge as key factors that amplify both risks and opportunities within the cryptocurrency market.
