Amid the recent renewed upward price movement in Bitcoin, the demand for the largest cryptocurrency asset among short-term holders has witnessed a notable rise, suggesting strong optimism about BTC’s potential for growth in the near term.

Short-Term Holders Demand For Bitcoin Rebounds

Axel Adler Jr., a macro researcher and author at leading on-chain firm CryptoQuant, recently reported that the average demand for Bitcoin from short-term holders has resumed after spotting positive advancements in the BTC’s Short-Term Holders Supply 30D Change metric following a period of decline.

According to market data, these investors, who are usually identified by their ownership of BTC for fewer than 155 days, are actively buying the cryptocurrency once more. This rebound reflects renewed interest from retail holders, which could be triggered by growing optimism about a possible price rally in the upcoming day.

After a thorough analysis of the Short-Term Holders Supply 30D Change metric, the expert highlighted that the indicator has witnessed a rebound over the past 18 days in spite of the supply change oscillator consistently staying in the negative territory. He further underlined that the supply saw about 15% growth or a daily increase of 0.95% during the period.

Thus far, investors and traders are closely watching the development since the resurgence could signal that a Go to Source to See Full Article
Author: Godspower Owie