Cryptocurrency News
Expansion of short-term BTC holders suggests ‘final flush’ of sellers
2022.08.16 18:50
Expansion of short-term BTC holders suggests ‘final flush’ of sellers
A recent spike in short-term BTC holders could signal a “final flush” of sellers, meaning the capitulation events have played out, leaving the market ready for months of accumulation.
The latest report from market analysis firm Glassnode on Aug. 15 points out that short-term holders (STHs) have expanded their holdings by 330,000 BTC since May’s catastrophic LUNA collapse. As a result, they may be the canary in the coal mine signaling the path to market recovery.
