Darkfost
Panic fades as STH inflows fall to 25k btc
Amid a climate of geopolitical tensions and economic and trade difficulties, BTC has recently managed to recover slightly. The formation of a consolidation phase is still underway, which is typical after a period of rapid and significant devaluation that pushed BTC more than 50% below its last ATH. However, some investor behaviors appear to have changed, or at least stabilized. When BTC fell below $60,000, a wave of panic emerged among the youngest investors (STHs), pushing them to send around 100,000 BTC (7-day sum) to Binance at the beginning of February. This behavior has evolved significantly, as these STH inflows to Binance have now been divided by four. Today, these inflows have reached their lowest recorded level, at around 25,000 BTC. This is a rather positive signal, considering that STHs are known to be the most sensitive and least stable group of investors. This decline brings a degree of market stability and represents a real reduction in selling pressure, something the market greatly appreciates during this particularly challenging period for risk assets.