According to analysts who analyze blockchain data, there has been a noticeable decrease in selling pressure from investors who hold Bitcoin for a short period of time. CryptoQuant, a cryptocurrency analytics platform, reports that short-term Bitcoin investors are selling their holdings with minimal profit, and these investors have been gradually depleting their unrealized gains in recent months. In addition, the amount of Bitcoin held on over-the-counter (OTC) trading desks is stabilizing, indicating a decrease in the supply of Bitcoin being traded through these platforms. It is important to note that CryptoQuant defines short-term investors as individuals who hold Bitcoin for less than 155 days and typically take advantage of short-term price fluctuations.
