Bitcoin Short Term Supply Reaches All Time Low
Bitcoin is looking great and seeing as the short term supply has now reached an all time low, many just might not be looking to sell, which would be a foolish move, in my not so humble opinion:
Bitcoin Short-Term Supply Reaches All-Time Low
According to the latest Arcane Research weekly report, the BTC short-term supply is currently floating around all-time low values.
The “short-term supply” here refers to the supply of coins that were moved on the chain within the last three months.
When this indicator’s value moves up, it means there are a lot of short-term holders in the market right now who are looking to make a quick profit.
On the other hand, a decrease in the metric’s value suggests not many holders are interested in selling right now, and that they are waiting for longer gains.
Full article here: https://www.newsbtc.com/news/bitcoin/bitcoin-short-term-supply-alltime-low/