2025-01-24 15:00:18 by NewsBTC

The consistent retail demand for Bitcoin at the $100,000 mark, which indicates high investor confidence, has recently drawn notice. However, because short-term holders are driving the present accumulating trend, market watchers are warning of a possible fall to $95,000. Retail Investors Accumulate At Record Pace Retail investors, which include smaller holders termed as “Shrimps” and “Crabs,” have been enthusiastically accumulating Bitcoin. In the last month, Glassnode reports that these groups collectively added 25,600 BTC to their portfolios. That’s nearly twice the amount of newly mined Bitcoin over the same period, a sign of significant demand for the “digital gold” at its price peaks. Demand from retail investors for #Bitcoin at prices around $100K remains strong – The Shrimp-Crab cohort (up to 1 and 10 #BTC, respectively) absorbed 1.9x the newly mined Bitcoin supply last month, a total of +25.6k $BTC: https://t.co/l0sjVN2Toi pic.twitter.com/UdzcCWXAGo — glassnode (@glassnode) January 23, 2025 The purchasing activity of these smaller investors highlights an even more general retail enthusiasm trend. Nonetheless, experts must still exercise caution. Although this degree of accumulation is remarkable, the dominance of short-term holders (STHs) in this surge introduces an element of risk for market stability. Short-Term Holders Pose A Risk Often selling off during slight declines to guarantee gains, STHs are renowned for their fast responses to market changes. Particularly in cases of unexpected volatility for Bitcoin, this reflexive behavior could set off higher selling pressure. Teddy, a market analyst, underlined that the existence of STHs might have a major impact on temporary price swings. While STHs (Short-Term Holders) have indeed absorbed a significant portion of the newly mined Bitcoin supply, it’s crucial to consider the behavioral tendencies of this group. STHs are historically more susceptible to panic during minor market fluctuations, often resulting in… pic.twitter.com/dasfRgjOFR — Teddy (@TeddyVision) January 23, 2025 Historically, the markets are also more sensitive to the downtrends with STH. Analysts feel that along with this prevailing trend, at such levels, caution for investors would be prudent. BTC is now trading at $105,165. Chart: TradingViewGlassnode: Narrow Bitcoin Range Another anomaly which Glassnode picked out in the price action of Bitcoin is an unusually tight range over the past 60 days. Such events have been precedents for volatile times ahead. This coincides with historical trends, which suggest that the market will experience either a breakout or a breakdown soon. While the sustained $100,000 price level reflects optimism, the market’s narrow range adds an air of unpredictability. A Possible Pullback Soon? Given all of these factors, some experts believe Bitcoin may be due for a slight price adjustment in the near future. Some experts, like market veteran Michaël van de Poppe, predict a retreat to $95,000, primarily due to STHs selling in the face of market uncertainty. For the time being, retail demand remains a solid source of support at $100,000. Investors should, however, brace themselves for volatility and keep an eye out for market indicators. As Bitcoin trades near its peak, the interaction of retail euphoria and market risks will determine its next moves. At the time of writing, Bitcoin was trading at $105,141, up 3.2% and 3.2% in the daily and weekly timeframes. Featured image from Vecteezy, chart from TradingView Christian Encila They say journalists never truly clock out. But for Christian, that's not just a metaphor, it's a lifestyle. By day, he navigates the ever-shifting tides of the cryptocurrency market, wielding words like a seasoned editor and crafting articles that decipher the jargon for the masses. When the PC goes on hibernate mode, however, his pursuits take a more mechanical (and sometimes philosophical) turn. Christian's journey with the written word began long before the age of Bitcoin. In the hallowed halls of academia, he honed his craft as a feature writer for his college paper. This early love for storytelling paved the way for a successful stint as an editor at a data engineering firm, where his first-month essay win funded a months-long supply of doggie and kitty treats – a testament to his dedication to his furry companions (more on that later). Christian then roamed the world of journalism, working at newspapers in Canada and even South Korea. He finally settled down at a local news giant in his hometown in the Philippines for a decade, becoming a total news junkie. But then, something new caught his eye: cryptocurrency. It was like a treasure hunt mixed with storytelling - right up his alley! So, he landed a killer gig at NewsBTC, where he's one of the go-to guys for all things crypto. He breaks down this confusing stuff into bite-sized pieces, making it easy for anyone to understand (he salutes his management team for teaching him this skill). Think Christian's all work and no play? Not a chance! When he's not at his computer, you'll find him indulging his passion for motorbikes. A true gearhead, Christian loves tinkering with his bike and savoring the joy of the open road on his 320-cc Yamaha R3. Once a speed demon who hit 120mph (a feat he vowed never to repeat), he now prefers leisurely rides along the coast, enjoying the wind in his thinning hair. Speaking of chill, Christian's got a crew of furry friends waiting for him at home. Two cats and a dog. He swears cats are way smarter than dogs (sorry, Grizzly), but he adores them all anyway. Apparently, watching his pets just chillin’ helps him analyze and write meticulously formatted articles even better. Here's the thing about this guy: He works a lot, but he keeps himself fueled by enough coffee to make it through the day - and some seriously delicious (Filipino) food. He says a delectable meal is the secret ingredient to a killer article. And after a long day of crypto crusading, he unwinds with some rum (mixed with milk) while watching slapstick movies. Looking ahead, Christian sees a bright future with NewsBTC. He says he sees himself privileged to be part of an awesome organization, sharing his expertise and passion with a community he values, and fellow editors - and bosses - he deeply respects. So, the next time you tread into the world of cryptocurrency, remember the man behind the words – the crypto crusader, the grease monkey, and the feline philosopher, all rolled into one. Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.