Bitcoin price volatility 'imminent' as speculators move 170K BTC — CryptoQuant
Summary
Bitcoin price volatility is anticipated as 170,000 BTC, held by short-term holders (STHs) for three to six months, begins to circulate. CryptoQuant indicates that large movements from this group often precede significant price fluctuations. STHs are sensitive to market changes, contributing to recent selling pressure, with an average of approximately 930 BTC sold daily compared to 529 BTC by long-term holders (LTHs). This behavior suggests a reaction from nervous short-term investors rather than a mass exit by long-term holders. The current market correction is characterized as a "classic shakeout," indicating that volatility is imminent.
