Quick setting
profit taking
- After the collapse of the SVB in March, the long-term holders (Blue) made the most profits for more than a year.
- While short-term (red) holders bought the low of the decline and then unloaded Bitcoin (BTC) for profit immediately – the same thing happened during Luna and FTX.
Loss taking
- After bitcoin lost its support of $30,000, we saw an increase in losses suffered by short-term holders – selling more than 40,000 BTC in the last seven days. This cohort bought the local top.
- At the same time, we have seen a slight capitulation from long-term holders – selling around 10,000 BTC in the past seven days.
After the 30,000 Bitcoin plunge – short-term holders sell BTC, unfazed long-term holders emerged first on CryptoSlate.
