Although history is not an indication of future price movements, one cannot help but ask him for advice, especially during the period of indecision and lack of clear trend.
The latest cryptocurrency analysis shows a promising image with regard to the behavior of short -term holders (those who hold their assets somewhere between a day and a week), which have increased in recent weeks – something that has been observed before the two important rallies in 2024.
An overview of the past
The accumulation trend mentioned By cryptotic crypto, Dan alludes to the developments that took place in January and October from last year. At the time, STHS, which was absent from the BTC market, at least until recently, made a purchase frenzy, which was confirmed by the growing number of active addresses.
What followed twice was fairly quick price increases for Bitcoin, which climbed to a new summit of all time in March 2024 after the launch of ETFs, and a new peak at the bottom of January 2025 before the inauguration of Trump.
“Now, a similar increase in the activity of short -term holders is again observed, which could point out the beginning of another bullish phase, as in the past.
In particular, this indicator has historically evolved on the main price increases, making it a reliable accumulation signal, “said CQ analyst.
BTC above $ 96,000
After April 2 and 9 of less than $ 74,000, the main cryptocurrency went to the offensive and exploded more than $ 20,000 to type $ 96,000 last Friday. His race, even quite impressive, was stopped there, and the asset spent the following week in a tight range between $ 93,000 and $ 95,000.
The lower limit was tested on a few times, including yesterday, but it managed to hold. As such, BTC has rebounded and increased above that higher earlier in the day. Currently, cryptocurrency has been negotiated nearly $ 96,500, which has been the highest price since February 23.
Aside from the behavior of STHS, there are some more optimistic signals on the BTC front, including the accumulation of whales and institutional. We have also published another report on the most likely scenarios for BTC for 2025, which you can check here.
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