Bitcoin Short-Term Holders Back In Action As Demand Resumes, Price Spike Looming?

Amid the recent renewed upward price movement in Bitcoin, the demand for the largest cryptocurrency asset among short-term holders has witnessed a notable rise, suggesting strong optimism about BTC’s potential for growth in the near term. Short-Term Holders Demand For Bitcoin Rebounds Axel Adler Jr., a macro researcher and author at leading on-chain firm CryptoQuant, recently reported that the average demand for Bitcoin from short-term holders has resumed after spotting positive advancements in the BTC’s Short-Term Holders Supply 30D Change metric following a period of decline. According to market data,…

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