The consistent demand for Bitcoin at the $100K mark underscores investor confidence, yet experts highlight a potential dip to $95K. Retail investors, especially smaller "Shrimps" and "Crabs," have accumulated 25,600 BTC recently, nearly twice the newly mined supply, signaling strong demand at peak prices.
However, the dominance of short-term holders, known for selling during dips, poses a risk to market stability. Analyst Teddy points out their susceptibility to panic during volatility, potentially leading to increased selling pressure.
Glassnode identifies a narrow Bitcoin price range over the past 60 days, a precursor to possible volatility. Some experts foresee a pullback to $95K due to short-term holder behavior.
Źródło: www.newsbtc.com ↗