spot_imgspot_imgspot_img

Short-Term Holders (STHs) Continue Depositing Bitcoin to Exchanges

  • “Short-term holders” (STHs) refer to investors who have held their Bitcoins for less than 155 days.
  • Exchange inflows represent the total amount of Bitcoin deposited by STHs into centralized exchange wallets. When the value of this metric is high, it can indicate that these holders might be ready to sell a significant amount of Bitcoin.
  • Looking at the graph, it can be observed that Bitcoin STH exchange inflows have recently increased. In the past 20 days, the inflow supply from these investors has been measured to be above 1%.

According to the latest data, Short-Term Holders (STHs) in Bitcoin have deposited a large amount of BTC to centralized exchanges in the past 20 days.

STHs Depositing BTC in High Amounts

bitcoin-btc

According to on-chain analytics firm Glassnode’s data, short-term Bitcoin investors have sent 617,000 BTC to exchanges in the past 20 days. “Short-term holders” (STHs) refer to investors who have held their Bitcoins for less than 155 days.

STHs are typically considered weak hands in the market and can easily sell during a widespread FUD period or sharp price increase in the cryptocurrency. These investors often utilize exchanges to execute such sales, so the data on “exchange inflows” can provide insights into their current behavior.

Here, exchange inflows represent the total amount of Bitcoin deposited by STHs into centralized exchange wallets. When the value of this metric is high, it can indicate that these holders might be ready to sell a significant amount of Bitcoin. Naturally, such a trend can have a downward pressure on the asset’s price.

A graph illustrating the trend of Bitcoin STH exchange inflows over the past year:

bitcoin-sth

Here, Bitcoin STH exchange inflows are represented as a percentage of supply. Considering the supply of these investors can vary, it makes more sense to consider percentages for historical comparisons (as opposed to absolute numbers, which can be inconsistent).

Looking at the graph, it can be observed that Bitcoin STH exchange inflows have recently increased. In the past 20 days, the inflow supply from these investors has been measured to be above 1%.

During this period, this group has deposited approximately 617,000 BTC to these platforms, which is a significant amount.

1% Threshold Was Surpassed in Critical Events such as the FTX Crash

Glassnode has also highlighted previous instances where the indicator surpassed the same 1% threshold at the end of last year. Three crash events – the LUNA crash, 3AC bankruptcy, and FTX crash – seemed to exhibit larger peaks than the current levels.

However, despite the high selling pressure from this group, the cryptocurrency’s price has held strong so far, as it continues to move above the $30,000 level.

Don't forget to enable notifications for our Twitter account and Telegram channel to stay informed about the latest cryptocurrency news

spot_imgspot_imgspot_imgspot_img

Latest News

Bitcoin Eyes $300,000 Amid Institutional Adoption: Analysts Forecast Major Corrections Ahead

In this article, we explore the ambitious Bitcoin price predictions by Michael van de Poppe and Max Keiser, the role of institutional investors, and the expected market corrections. Get insights into what lies ahead for the world's leading cryptocurrency.

Grayscale Hits Historic Low in Bitcoin ETF Outflows as Market Confidence Soars

This article delves into Grayscale Investments' recent performance, the surge in spot Bitcoin ETFs, and overall market sentiment, offering insights into the future trajectory of crypto investments.

Shiba Inu’s SHIB Token Burns Increase: Is SHIB Price Ready to Surge?

Burn rates in the SHIB token of the popular memecoin project Shiba Inu have increased in the last 24 hours: What is the latest situation for the SHIB price?

SEC Prepares to Approve Options for Spot Bitcoin ETFs

Will the U.S. Securities and Exchange Commission (SEC) approve options trading for BITB and GBTC spot Bitcoin ETFs?

What Happens If Bitcoin Crashes? Renowned Author Robert Kiyosaki Explains!

Entrepreneur and renowned author Kiyosaki shared his thoughts on the potential collapse of Bitcoin within the community.
spot_imgspot_imgspot_imgspot_img

PRO Analysis

Ethereum Breaks $3K as Rally Continues: What’s Next for ETH?

This article dives into Ethereum's recent surge past $3,000, analyzing the technical indicators and market dynamics driving its ascent and future prospects.

Will Bitcoin Rise To $50,000? Current BTC Analysis

Bitcoin is trading at $48,400 and may rise to $50,777 if it closes above $48,200. However, caution is advised in the range of $50,777 - $52,000. Corrections are common in the crypto market, so careful consideration is necessary before spot investments.

Where is the Solana Rise Target? Current SOL Analysis!

Solana is trading near the $108 resistance on the 8-hour chart, with a potential target of $111.84 if it surpasses this level. However, caution is advised in the $111.84 - $117.20 resistance range on the 6-hour timeframe.

Medium Term Ethereum Technical Analysis! What Awaits Its Investors?

When examining the medium-term technical chart of Ethereum, strong buying pressure is observed, pushing the price up from the $2139 support to the $2350 region. However, for the price to sustain its upward movement, it needs to surpass the $2407 resistance.

Can Bitcoin Fall To $35,000 Levels? Current BTC Analysis

When examining Bitcoin's 5-day technical chart, the analysis from January 18 is ongoing, indicating a continued downward movement from the $48,189 level. Bitcoin needs to close 5-day candles above the $44,200 resistance to gain momentum for an upward trend. 
Merritt Vale
Merritt Valehttps://en.coinotag.com/
Merritt Vale is a 24-year-old woman who has a strong affinity for the Dogecoin community and has a particular love for the altcoin Shiba. With a passion for understanding the latest trends and developments in the cryptocurrency industry, Merritt provides fresh perspectives and valuable insights to her readers.
spot_imgspot_imgspot_imgspot_img

Bitcoin Eyes $300,000 Amid Institutional Adoption: Analysts Forecast Major Corrections Ahead

In this article, we explore the ambitious Bitcoin price predictions by Michael van de Poppe and Max Keiser, the role of institutional investors, and the expected market corrections. Get insights into what lies ahead for the world's leading cryptocurrency.

Grayscale Hits Historic Low in Bitcoin ETF Outflows as Market Confidence Soars

This article delves into Grayscale Investments' recent performance, the surge in spot Bitcoin ETFs, and overall market sentiment, offering insights into the future trajectory of crypto investments.

Shiba Inu’s SHIB Token Burns Increase: Is SHIB Price Ready to Surge?

Burn rates in the SHIB token of the popular memecoin project Shiba Inu have increased in the last 24 hours: What is the latest situation for the SHIB price?