• Since September, a persistent imbalance in the buy-to-sell ratio has strengthened BTC’s bullish outlook.
• Investors are acquiring $80 billion worth of BTC monthly, underscoring demand and growing confidence in the asset.

Bitcoin’s [BTC] upward trend could persist despite minor retracements, as observed in the daily time frame. The asset recently experienced a 0.28% decline, which appears to be a natural pullback within its broader rally.

AMBCrypto highlights this price fluctuation as part of BTC’s extended rally, which is analyzed in greater detail below.

Short-term holders prevent major BTC price decline

A recent report from analyst James Van Straten reveals significant trading activity in the BTC market since September, helping to stabilize BTC’s price. The Long/Short-term holder threshold currently stands at 1.28, suggesting a strong preference for accumulation.

This means that for every 1 BTC sold, buyers are stepping in to purchase approximately 1.28 BTC, which is indicative of persistent demand.

A closer analysis shows that long-term holders (LTH)—addresses holding BTC for over two years without transacting—were responsible for most of the sell-offs. Meanwhile, short-term holders (STH) or early investors actively drove the buying activity.

Between September and now, a total of 843,113 BTC was sold, while 1,081,633 BTC was accumulated. On a daily basis, buyers acquired 12,432 BTC, compared to 9,690 BTC sold.

This imbalance in favor of buying reflects bullish market sentiment, as increased accumulation prevents BTC from experiencing a sharp price decline. The sustai

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Author: Olayiwola Dolapo