The crypto market is experiencing significant pressure this week, with Bitcoin down about 15% from $88,000 to $74,400. However, behind this price drop, there are important dynamics between short-term holders (STH) and long-term holders (LTH).
- On April 7, STH suffered significant losses, reaching $10.1 billion, while LTH increased their accumulation by $9.7 billion. This indicates a shift in ownership from weak hands to strong hands.
- On April 8, STH losses slowed down, showing signs of capitulation fatigue, while LTH continued to buy, adding $1.13 billion.
This difference indicates that long-term investors are confident in Bitcoin's potential, despite the volatile market.