Wednesday, September 27, 2023
  • Login
EthozEdge
No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
Cryptocurrency Marketcap
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0
No Result
View All Result
EthozEdge
No Result
View All Result
Home Crypto News Bitcoin

Bitcoin Short-Term Holders Were Behind The Selloff To Below $36k

by ethozedge
May 6, 2022
in Bitcoin
Reading Time: 3 mins read
A A
0
Share on FacebookShare on Twitter


On-chain data shows Bitcoin short-term holders seem to have been behind the latest selloff that has taken the price of the crypto below $36k.

Bitcoin Investors Holding Coins Aged Between 1 Day And 6 Months Sold Big Yesterday

As pointed out by an analyst in a CryptoQuant post, short-term holders seem to have sold the heaviest during the recent selloff.

The relevant indicator here is the “exchange inflow,” which measures the total amount of coins moving into exchange wallets.

A modification of this metric is the “exchange inflow spent output age bands.” it tells us how much the different Bitcoin holder groups are contributing to the inflow.

The various groups are divided based on how many days the investors held their coins before transferring them to the exchange.

The 1-day to 6-month coin age group is generally considered the “short-term holders” (STH). This cohort is usually the likeliest to sell their coins.

All investors holding their Bitcoin for longer periods of time are the “long-term holders” (LTH). Now, here is a chart that shows the trend in the below 6-month and between 6 to 18-month age group inflows over the last few months:

Bitcoin Short-Term Holder Inflows

Looks like STH inflows spiked up recently | Source: CryptoQuant

As you can see in the above graph, the 1-day to 6-month coin age group sent a large amount of coins just yesterday.

The inflow spike amounted to more than 60k coins being transferred by this group. Investors usually send their Bitcoin to exchanges for selling purposes, hence these coins took part in the selloff that has now taken the price below $36k.

Related Reading | One Coin, Two Trades: Why Bitcoin Futures And Spot Signals Don’t Match Up

The 6-month to 18-month group, on the other hand, doesn’t seem to have moved too many coins over the past day.

The older Bitcoin LTH groups have also not shown much activity recently. The below chart shows the trend in their inflows.

Bitcoin Long-Term Holder Inflows

The 1.5-year to 3-year cohort only looks to have sold around 500 BTC yesterday | Source: CryptoQuant

From these trends, it seems like the only investors that took part in the selling yesterday were the short-term holders, who are generally the more fickle ones. The long-term holders still look to be holding strong.

Related Reading | Bitcoin Long Squeeze Incoming? Funding Rates Surge Up

BTC Price

At the time of writing, Bitcoin’s price floats around $35.8k, down 8% in the last seven days. Over the past month, the crypto has lost 21% in value.

The below chart shows the trend in the price of the coin over the last five days.

Bitcoin Price Chart

The price of Bitcoin seems to have plummeted down over the past day | Source: BTCUSD on TradingView

Featured image from Unsplash.com, charts from TradingView.com, CryptoQuant.com



Source link

Tags: 36KBitcoinbitcoin newscrypto analysiscrypto newsEthoz EdgeHoldersLatest bitcoin newslatest crypto newsSellOffShortTerm
Share76Tweet47

Related Posts

XRP Bucks The Trend As Institutional Funds Inflows Spikes 700%

by ethozedge
September 26, 2023
0

While the overall crypto market is currently trading in a range, XRP seems to have found its footing among institutional...

Bitcoin Price (BTC) Barely Holds $26K as Interest Rate Surge Continues

by ethozedge
September 26, 2023
0

"I am not sure if the world is prepared for 7%," said the JPMorgan CEO earlier Tuesday. Dimon noted that...

Swiss Web3 Tornado

by ethozedge
September 26, 2023
0

Coin Fam🇨🇭☀️ In the last article we teased VESA being in Switzerland, and how the country is advancing leaps and...

Energy And GDP: You Have To Consume To Grow

by ethozedge
September 26, 2023
0

This piece continues from A Most Ridiculous World: The Politicization of Energy from yesterday. Feeding the Grown and the GrowingStern, Burke...

1INCH Jumps 4% – Are DEX Aggregators the Future?

by ethozedge
September 26, 2023
0

Join Our Telegram channel to stay up to date on breaking news coverage 1inch (1INCH) price is trading is scaling...

Load More
  • Trending
  • Comments
  • Latest

🔴 Bank of America Bets on Crypto

April 11, 2022

Pomelo Launches Family Credit Cards to Combine Credit and International Money Transfer

August 16, 2022

How to Add Polygon (MATIC) to Your MetaMask Wallet

May 28, 2022

The Sandbox Price Prediction 2022-2030: HODL or DUMP?

May 25, 2022

Successful Beta Service launch of SOMESING, ‘My Hand-Carry Studio Karaoke App’

0

At least 54 apes were stolen in BAYC Instagram hack

0

Binance Introduces New Crypto Card for Ukrainian Refugees

0

55,000 Meta Cricket League NFTs sell out in nine minutes

0

XRP Bucks The Trend As Institutional Funds Inflows Spikes 700%

September 26, 2023

Christo and Jeanne-Claude’s foundation begins to define its scope and goals, including executing the artists’ final, gargantuan project

September 26, 2023

Pantera Capital Says One Ethereum Layer-2 ‘High on the List’ of New Crypto Opportunities

September 26, 2023

Bitcoin Price (BTC) Barely Holds $26K as Interest Rate Surge Continues

September 26, 2023
Facebook Twitter LinkedIn Tumblr RSS
EthozEdge

Find the latest Bitcoin, Ethereum, blockchain, crypto, Business, Fintech News, interviews, and price analysis at EthozEdge

CATEGORIES

  • Altcoin News
  • Avalanche Network
  • Binance Smart Chain
  • Bitcoin
  • Blockchain
  • Crypto Exchanges
  • Crypto Mining
  • Crypto Regulation News
  • DeFi
  • Ethereum
  • EVM News
  • Fantom Opera Chain
  • Harmony Chain
  • Huobi Eco Chain
  • Metaverse
  • NFT
  • Polygon Chain
  • Scam News
  • Web 3.0
  • XDai Chain

SITE MAP

  • Disclaimer
  • Privacy Policy
  • DMCA
  • Cookie Privacy Policy
  • Terms and Conditions
  • Contact us

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

No Result
View All Result
  • Home
  • ETHO News
  • EVM News
    • Avalanche Network
    • Ethereum
    • Fantom Opera Chain
    • Harmony Chain
    • Huobi Eco Chain
    • Polygon Chain
  • Crypto News
    • Altcoin News
    • Bitcoin
    • Blockchain
    • Crypto Exchanges
    • Crypto Mining
    • Crypto Regulation News
    • DeFi
    • NFT
    • Metaverse
    • Scam News
    • Web 3.0

Copyright © 2022 - EthozEdge.
EthozEdge The Crypto is not responsible for the content of external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
  • JDBJDB(JDB)$0.021575-0.61%
  • bitcoinBitcoin(BTC)$26,248.000.07%
  • ethereumEthereum(ETH)$1,592.210.38%
  • USDEXUSDEX(USDEX)$1.07-0.47%
  • tetherTether(USDT)$1.000.00%
  • binancecoinBNB(BNB)$212.391.16%
  • rippleXRP(XRP)$0.50-0.52%
  • usd-coinUSDC(USDC)$1.000.04%
  • staked-etherLido Staked Ether(STETH)$1,592.660.48%
  • cardanoCardano(ADA)$0.245683-0.02%
  • dogecoinDogecoin(DOGE)$0.060671-0.27%
  • solanaSolana(SOL)$19.07-1.26%
  • tronTRON(TRX)$0.0850170.74%
  • ToncoinToncoin(TON)$2.12-0.50%
  • Wrapped stETHWrapped stETH(WSTETH)$1,865.020.37%
  • polkadotPolkadot(DOT)$4.01-1.61%
  • matic-networkPolygon(MATIC)$0.51-1.88%
  • litecoinLitecoin(LTC)$63.86-0.76%
  • shiba-inuShiba Inu(SHIB)$0.000007-0.35%
  • wrapped-bitcoinWrapped Bitcoin(WBTC)$26,232.000.06%
  • bitcoin-cashBitcoin Cash(BCH)$216.092.50%
  • chainlinkChainlink(LINK)$7.29-2.31%
  • daiDai(DAI)$1.000.07%
  • true-usdTrueUSD(TUSD)$1.000.02%
  • leo-tokenLEO Token(LEO)$3.66-3.25%
  • uniswapUniswap(UNI)$4.290.39%
  • avalanche-2Avalanche(AVAX)$9.081.30%
  • stellarStellar(XLM)$0.111573-0.58%
  • moneroMonero(XMR)$144.520.43%
  • okbOKB(OKB)$43.040.24%
  • Aerarium FiAerarium Fi(AERA)$7.15-13.10%
  • binance-usdBUSD(BUSD)$1.000.00%
  • BSCEXBSCEX(BSCX)$237.310.49%
  • ethereum-classicEthereum Classic(ETC)$15.12-0.30%
  • cosmosCosmos Hub(ATOM)$6.98-0.89%
  • hedera-hashgraphHedera(HBAR)$0.049222-2.06%
  • GGTKNGGTKN(GGTKN)$0.1121310.76%
  • filecoinFilecoin(FIL)$3.19-0.33%
  • internet-computerInternet Computer(ICP)$2.96-0.61%
  • crypto-com-chainCronos(CRO)$0.050154-0.46%
  • lido-daoLido DAO(LDO)$1.47-0.20%
  • makerMaker(MKR)$1,428.518.33%
  • quant-networkQuant(QNT)$86.92-0.95%
  • MantleMantle(MNT)$0.389323-0.73%
  • AptosAptos(APT)$5.30-6.07%
  • vechainVeChain(VET)$0.016550-0.67%
  • ArbitrumArbitrum(ARB)$0.832.15%
  • optimismOptimism(OP)$1.292.55%
  • nearNEAR Protocol(NEAR)$1.08-2.02%
  • EdgecoinEdgecoin(EDGT)$1.00-0.03%
  • KaspaKaspa(KAS)$0.0469021.12%
  • Rocket Pool ETHRocket Pool ETH(RETH)$1,729.020.40%
  • aaveAave(AAVE)$61.07-1.05%
  • BitDAOBitDAO(BIT)$0.592.96%
  • the-graphThe Graph(GRT)$0.086922-1.38%
  • WhiteBIT CoinWhiteBIT Coin(WBT)$5.21-0.46%
  • algorandAlgorand(ALGO)$0.095386-1.83%
  • usddUSDD(USDD)$1.000.09%
  • immutable-xImmutableX(IMX)$0.58-2.87%
  • fraxFrax(FRAX)$1.000.24%
  • xdce-crowd-saleXDC Network(XDC)$0.048073-3.69%
  • havvenSynthetix Network(SNX)$2.000.90%
  • sapphireSapphire(SAPP)$0.7035.32%
  • blockstackStacks(STX)$0.457467-1.37%
  • theta-tokenTheta Network(THETA)$0.640.74%
  • radixRadix(XRD)$0.0619320.87%
  • elrond-erd-2MultiversX(EGLD)$24.47-0.89%
  • eosEOS(EOS)$0.56-0.52%
  • Bitget TokenBitget Token(BGB)$0.448060-0.02%
  • the-sandboxThe Sandbox(SAND)$0.3026760.85%
  • tezosTezos(XTZ)$0.660.09%
  • CloutContractsCloutContracts(CCS)$52.461,000.00%
  • injective-protocolInjective(INJ)$7.262.15%
  • bitcoin-cash-svBitcoin SV(BSV)$31.020.77%
  • axie-infinityAxie Infinity(AXS)$4.51-3.05%
  • render-tokenRender(RNDR)$1.490.75%
  • decentralandDecentraland(MANA)$0.2982320.39%
  • gatechain-tokenGate(GT)$3.87-0.14%
  • fantomFantom(FTM)$0.188261-0.56%
  • thorchainTHORChain(RUNE)$1.752.38%
  • marumaruNFTmarumaruNFT(MARU)$0.25242622.62%
  • neoNEO(NEO)$7.20-0.83%
  • kavaKava(KAVA)$0.62-0.34%
  • paxos-standardPax Dollar(USDP)$1.000.10%
  • pax-goldPAX Gold(PAXG)$1,899.92-0.35%
  • tether-goldTether Gold(XAUT)$1,903.95-0.61%
  • ecasheCash(XEC)$0.000024-0.77%
  • binaryxBinaryX(BNX)$165.94-5.94%
  • curve-dao-tokenCurve DAO(CRV)$0.520.18%
  • flowFlow(FLOW)$0.442152-0.35%
  • compound-ethercETH(CETH)$32.000.38%
  • Halo CoinHalo Coin(HALO)$0.057352-0.04%
  • convex-crvConvex CRV(CVXCRV)$1.47183.77%
  • frax-shareFrax Share(FXS)$5.924.42%
  • rocket-poolRocket Pool(RPL)$21.63-0.48%
  • kucoin-sharesKuCoin(KCS)$4.40-1.91%
  • Frax EtherFrax Ether(FRXETH)$1,589.920.43%
  • iotaIOTA(MIOTA)$0.149127-0.68%
  • apecoinApeCoin(APE)$1.120.12%
  • chilizChiliz(CHZ)$0.057668-0.22%
  • huobi-tokenHuobi(HT)$2.43-0.47%
  • First Digital USDFirst Digital USD(FDUSD)$1.000.26%
  • Tokenize XchangeTokenize Xchange(TKX)$4.750.47%
  • bittorrentBitTorrent(BTT)$0.000000-0.06%
  • mina-protocolMina Protocol(MINA)$0.372484-1.35%
  • casper-networkCasper Network(CSPR)$0.031596-2.24%
  • klay-tokenKlaytn(KLAY)$0.112729-2.68%
  • terra-lunaTerra Luna Classic(LUNC)$0.0000611.98%
  • DogechainDogechain(DC)$0.001787-24.98%
  • galaGALA(GALA)$0.013351-1.29%
  • SuiSui(SUI)$0.438466-0.81%
  • Rollbit CoinRollbit Coin(RLB)$0.103770-2.99%
  • dydxdYdX(DYDX)$1.88-1.84%
  • Coinbase Wrapped Staked ETHCoinbase Wrapped Staked ETH(CBETH)$1,671.300.45%
  • gmxGMX(GMX)$35.712.65%
  • trust-wallet-tokenTrust Wallet(TWT)$0.770.33%
  • nexoNEXO(NEXO)$0.573.31%
  • WEMIXWEMIX(WEMIX)$0.98-3.41%
  • apenftAPENFT(NFT)$0.000000-0.14%
  • Nexus MutualNexus Mutual(NXM)$45.820.27%
  • Staked Frax EtherStaked Frax Ether(SFRXETH)$1,683.350.42%
  • dashDash(DASH)$26.55-1.70%
  • CyberHarborCyberHarbor(CHT)$10.12-49.84%
  • gemini-dollarGemini Dollar(GUSD)$1.000.10%
  • PepePepe(PEPE)$0.0000010.51%
  • zilliqaZilliqa(ZIL)$0.0170010.48%
  • woo-networkWOO Network(WOO)$0.165776-0.74%
  • safemoonSafeMoon [OLD](SAFEMOON)$0.0000000.05%
  • 1inch1inch(1INCH)$0.2698531.91%
  • Shib Original VisionShib Original Vision(SOV)$0.00000012.40%
  • FlareFlare(FLR)$0.0110190.08%
  • arweaveArweave(AR)$4.181.33%
  • compound-governance-tokenCompound(COMP)$39.550.56%
  • liquity-usdLiquity USD(LUSD)$0.990.15%
  • conflux-tokenConflux(CFX)$0.124056-2.46%
  • AstarAstar(ASTR)$0.048700-4.41%
  • IdeaChainIdeaChain(ICH)$4.730.00%
  • ftx-tokenFTX(FTT)$1.89-21.52%
  • gnosisGnosis(GNO)$97.76-0.39%
  • basic-attention-tokenBasic Attention(BAT)$0.168876-1.51%
  • Crypto Gladiator LeagueCrypto Gladiator League(CGL)$0.16194440.57%
  • pancakeswap-tokenPancakeSwap(CAKE)$1.150.53%
  • Utility Web3ShotUtility Web3Shot(UW3S)$0.4725710.00%
  • tomiNettomiNet(TOMI)$3.32-4.81%
  • flex-coinFLEX Coin(FLEX)$2.48357.01%
  • convex-financeConvex Finance(CVX)$3.02-1.15%
  • SafePalSafePal(SFP)$0.560.30%
  • compound-usd-coincUSDC(CUSDC)$0.0230670.02%
  • oec-tokenOKT Chain(OKT)$13.131.14%
  • huobi-btcHuobi BTC(HBTC)$26,111.00-0.14%
  • Manchester City Fan TokenManchester City Fan Token(CITY)$11.87-1.78%
  • chiaChia(XCH)$27.04-0.78%
  • world-mobile-tokenWorld Mobile Token(WMT)$0.2920233.33%
  • celoCelo(CELO)$0.450090-2.78%
  • escoin-tokenEscoin(ELG)$2.66-1.09%
  • illuviumIlluvium(ILV)$38.890.43%
  • nemNEM(XEM)$0.025298-0.71%
  • Bone ShibaSwapBone ShibaSwap(BONE)$0.907.78%
  • Meerkat SharesMeerkat Shares(MSHARE)$11,715.17-5.03%
  • bitcoin-goldBitcoin Gold(BTG)$12.83-0.49%
  • WorldcoinWorldcoin(WLD)$1.71-1.52%
  • compound-usdtcUSDT(CUSDT)$0.0190980.00%
  • qtumQtum(QTUM)$2.13-1.26%
  • fetch-aiFetch.ai(FET)$0.213909-1.25%
  • ecomiECOMI(OMI)$0.000822-1.17%
  • enjincoinEnjin Coin(ENJ)$0.222129-2.14%
  • Staked LunaStaked Luna(STLUNA)$88.35-0.49%
  • tether-eurtEuro Tether(EURT)$1.06-0.62%
  • singularitynetSingularityNET(AGIX)$0.175873-1.09%
  • mx-tokenMX(MX)$2.140.27%
  • loopringLoopring(LRC)$0.1722700.19%
  • mask-networkMask Network(MASK)$2.59-1.47%
  • DeFiChainDeFiChain(DFI)$0.2815940.17%
  • SeiSei(SEI)$0.117434-0.61%
  • decredDecred(DCR)$13.50-0.49%
  • oasis-networkOasis Network(ROSE)$0.0415181.32%
  • theta-fuelTheta Fuel(TFUEL)$0.032993-0.50%
  • Access ProtocolAccess Protocol(ACS)$0.002065-3.42%
  • heliumHelium(HNT)$1.44-0.90%
  • zcashZcash(ZEC)$26.270.59%
  • Ankr Staked ETHAnkr Staked ETH(ANKRETH)$1,925.73-2.13%
  • aragonAragon(ANT)$5.053.41%
  • telosTelos(TLOS)$0.76-4.60%
  • CoinmetroCoinmetro(XCM)$0.66506.72%
  • justJUST(JST)$0.022279-0.01%
  • osmosisOsmosis(OSMO)$0.316167-0.44%
  • olympusOlympus(OHM)$11.360.14%
  • ankrAnkr Network(ANKR)$0.019165-1.63%
  • ethereum-name-serviceEthereum Name Service(ENS)$7.380.11%
  • Aleph ZeroAleph Zero(AZERO)$0.78-1.95%
  • SifchainSifchain(EROWAN)$0.154725-4.65%
  • FUBT TokenFUBT Token(FUC)$2.09-1.05%
  • BeldexBeldex(BDX)$0.032926-3.08%
  • BolideBolide(BLID)$0.029333-6.99%
  • stepnSTEPN(GMT)$0.1536090.06%
  • holotokenHolo(HOT)$0.001026-0.28%
  • DEIDEI(DEI)$1.000.13%
  • Gains FarmGains Farm(GFARM2)$5,000.300.00%
  • moonbeamMoonbeam(GLMR)$0.237158-1.07%
  • 0x0x Protocol(ZRX)$0.2055660.64%