Analyst: 'FOMO-driven entries' from short-term Bitcoin holders set a bullish outlook.
Short-term Bitcoin holders are increasing their purchases during price rises, alongside long-term holders who continue to accumulate despite everything, setting a 'bullish tone' for the year, according to a crypto analyst.
According to a crypto analyst, the fact that Bitcoin holders (hodlers) continue to accumulate during price declines, along with short-term holders buying more during price rises driven by FOMO (fear of missing out), establishes a 'bullish tone' for 2025.
The dominance of long-term Bitcoin holders (LTH) — those who have held their Bitcoin for more than 155 days — 'remains high, indicating strong long-term conviction,' said IT Tech, a contributor to CryptoQuant, in an analyst note on January 24. He stated:
'They continue to accumulate during price declines and strategically take profits during bullish trends.'