Crazzyblockk
BTC: Decrease in short-term interest
One of the events that we have witnessed in the recent growth of the price of Bitcoin has been the decrease in the interest of new Bitcoins in the market with a lifespan of 1 to 3 months. These age bands can be a proxy for short-term interest in market conditions. Looking at this short-term holder realized price (<6 months), usually when the interest in accumulating new investors (1-3 months) has decreased, the momentum or temporary fuel of Bitcoin for another growth has fallen. The realized price of This band or longer-term bands (in this case, 3-6 months) are considered sensitive areas for the market. The second metric, which shows the realized value or wealth at the disposal of these holders, shows a noticeable decrease in this wealth in recent growth. Now two short-term realized prices of 1-3 months and 3-6 months are in the areas of 27.2k and 25.8k, and the realized price of bitcoins held from a few hours to a maximum of 6 months is in the range of 28.5k. By Taking into account the current price and the realized price of these two bands: 1-3 months age bands are at 9.5% profit, and 3-6 months age bands are at 15.5% profit. According to these percentages, if a deep correction has observed, the incentive of selling pressure from these holders will be possible, and the mentioned price levels are so critical for the medium-term trend of Bitcoin.