The post Bitcoin: Analyzing Divergence In Investor Behavior – Who’s Buying And Selling BTC? appeared on BitcoinEthereumNews.com.

Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The Bitcoin price started the week on a strong footing, jumping back above $90,000 following the announcement of a strategic crypto reserve by US President Donald Trump. However, the flagship cryptocurrency barely sustained this momentum, dropping back beneath the $90,000 level before midweek. The recent market uncertainty is mirrored in the Bitcoin action, as the price has moved mostly sideways (after the initial pump) within the $82,000 – $92,000 range. The question now is — who is behind the constant price retracement and consolidation?  Short-Term Sell-Offs Meet Long-Term Confidence: Analyst In a Quicktake post on the CryptoQuant platform, an analyst with the pseudonym ShayanBTC discussed the divergence in investor behavior while using on-chain data to evaluate current market sentiment. The relevant on-chain indicator here is the Spent Output Age Bands (SOAB) metric, which sorts spent coins into categories depending on their age and as a proportion of total coins moved. ShayanBTC specifically analyzed the bags of investors between the 1-week and 6-month cohorts (short-term holders) using the Spent Output Age Bands. Data from CryptoQuant shows that the selling activity of short-term investors drove the recent Bitcoin downturn.  These investors, known for their rapid reactions to market fluctuations, have been actively depositing BTC onto exchanges — which can be associated with selling pressure. Considering the sensitive nature of short-term holders to market sentiment and technical resistance levels, their selling behavior aligns with Bitcoin’s recent struggle to sustain any bullish momentum. Source: CryptoQuant On the other hand, long-term investors (those holding BTC for more than 6 months) have shown no signs of capitulation. While some level of profit-taking can be seen among this group of Bitcoin holders, it seems to be rather gradual and consistent with the behavior seen…

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Filed under: News - @ March 9, 2025 1:14 pm