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Bitcoin has shown signs of a price rebound as of March 24th, according to insights from IntoTheBlock. However, the data reveals that short-term holders are not re-engaging with the market at the same pace. The current count of short-term holders stands at just 2.53 million, a noticeable decline from January’s figure of 3.06 million. This trend indicates a decline in trader activity, suggesting that revival in market participation remains limited. Should we observe an increase in this demographic, it may signal a potential resurgence of interest in Bitcoin. The relationship between holder behavior and market momentum is crucial for gauging future trends, making this data vital for investors monitoring the crypto landscape.
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