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NewsBTC 2021-10-13 19:00:21

Bitcoin Short-Term Supply Reaches All-Time Low

Data shows Bitcoin short-term supply has reached an all-time low value. This may mean that investors aren’t keen to sell at this level despite the latest rally up where the coin broke $57k. Bitcoin Short-Term Supply Records All-Time Lows According to the latest Arcane Research weekly report, the BTC short-term supply is currently floating around all-time low values. The “short-term supply” here refers to the supply of coins that were moved on the chain within the last three months. When this indicator’s value moves up, it means there are a lot of short-term holders in the market right now who are looking to make a quick profit. On the other hand, a decrease in the metric’s value suggests not many holders are interested in selling right now, and that they are waiting for longer gains. Now, here is a chart that shows the trend in the Bitcoin short-term supply over its entire history: Looks like the indicator is currently touching all-time lows | Source: The Arcane Research Weekly Update - Week 40 As the above graph shows, the short-term supply has been on a downtrend in the past few months, and has now reached lows never seen before. Looking at the chart, it seems like the only other time the indicator showed values close to this low was back in 2015. Related Reading | As Bitcoin Breaks $57k, Quant Explains Why It Could See A Pullback Here On 30th September, the BTC short-term supply was a...

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Bitcoin Short-Term Supply Reaches All-Time Low

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