Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

XRP has to close above these price levels to make Beararish forecast invalid

2025-05-11

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

2025-05-11

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

2025-05-11
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    DAC and Origo Partner to transform health care via Web3 Innovation

    2025-05-11

    Tether to make non-right wallet template: Details

    2025-05-11

    Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

    2025-05-11

    DAC -Platform to redefine Web3 experiences in strategic cooperation with Fishcake Labs

    2025-05-11

    Floki Inu enables Web3 users with a new identity platform

    2025-05-11
  • NFT

    Drink-to-earn? A new sparkling water comes with an NFT and points

    2025-05-08

    Cobie says we will return if someone buys this $ 20 million NFT

    2025-05-08

    Edge Matrix, Colabs Partner to strengthen NFT -Makers

    2025-05-08

    Argentinian football club Partners with StepN to launch digital sneakers

    2025-05-05

    Pudgy Penguins #6873 Leads with Top NFT -sale worth $ 360.2k

    2025-05-04
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    XRP has to close above these price levels to make Beararish forecast invalid

    2025-05-11

    Standard Chartered Analy supports Bitcoin -Price forecast, now calls $ 120,000 BTC ‘Too Low’: Report

    2025-05-11

    Bullish Continuation for XRP price shows possible recovery up to $ 4

    2025-05-11

    Top US Crypto Exchange Coinbase to acquire Derivativa Platform Deribit

    2025-05-10

    Bitcoin – Price is rising by $ 100k – Bull Market officially back?

    2025-05-10
  • Learn

    What Is Proof-of-Authority (PoA)?

    2025-05-10

    What Is Proof-of-Stake (PoS)? A Beginner’s Guide

    2025-05-09

    What Is a Layer-1 (L1) Blockchain?

    2025-05-03

    What is a Layer-2 (L2) Blockchain Network Solution?

    2025-05-02

    What Is a Layer-0 Protocol?

    2025-05-02
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»Short-term Bitcoin Holder Behavior Reminiscent of 2019 as BTC Remains Below $60,000
Bitcoin

Short-term Bitcoin Holder Behavior Reminiscent of 2019 as BTC Remains Below $60,000

2024-09-04No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

A recent Quicktake analysis of the on-chain analytics platform CryptoQuant emphasizes how Bitcoin’s Short-Term Holders (STH) The behavior is similar to that of 2019. This analysis comes as Bitcoin remains below $60,000, continuing the bearish September trend.

Spike in Bitcoin Short-Term Holders Similar to 2019 Structure

CryptoQuant contributor Avocado_onchain noted that there had been a ‘small spike’ in unspent transaction outputs (UXTOs) within six months, which resembles a similar structure seen in 2019. The analyst explained that within six months, these UXTOs are new investors (or short-term holders) who entered the market around March this year, when the price of Bitcoin reached a point new all-time record (ATH).

According to the analyst, the declining share of these UXTOs suggests that these investors have either exited the market due to Bitcoin’s choppy price action since March, or have held on and have now switched to long term holders (UTXOs six months and older).

Bitcoin1
Source: CryptoQuant

The accompanying chart showed a similar structure occurring around the halving in 2019, when Bitcoin also reached a local high. Then, Bitcoin’s price cooled down and took almost 490 days to reach a new ATH, although Avocado_onchain noted that there was also the impact of the COVID-19 pandemic.

This development undoubtedly offers insight into what Bitcoin investors can expect from the flagship crypto in the long term, even as the price remains choppy. Avocado_onchain noted that he has confidence in Bitcoin long term upward trend. In the short term, however, he believes it is wise for investors to “temper expectations and keep a close eye on the market.”

See also  Bitcoin Dominance tipped to hit 57% - incoming always season?

While the analyst admitted that there is no clear trigger for a Bitcoin breakout, he meanwhile noted that the influx of capital from new investors has historically been critical to Bitcoin’s price increases. Bitcoin reached a new ATH in March after the launch of the Discover Bitcoin ETFswho introduced new money into the Bitcoin ecosystem.

Bitcoin appears to be continuing the bearish September trend

Bitcoin seems to continue its development bearish September trend this year, with the flagship crypto already down more than 4% since the start of the month. Historically September is known as a bearish month, such as facts from Coinglass shows that Bitcoin has posted monthly losses in six of the past seven Septembers, dating back to 2017.

Related reading

Following his simulation of Bitcoin’s price for this month, says CryptoQuant’s head of research, Julio Morenomentioned that the flagship crypto could end the month at $55,000 on average. Moreno had mentioned earlier that a drop below $56,000 for Bitcoin carries the risk of a deeper price correction and a prolonged bearish phase.

Bitcoin2
Source: CryptoQuant

For now, the crypto community is hoping that the US Federal Reserve will cut rates at its next FOMC meeting, scheduled for September 17 and 18. believed to be one that could trigger Bitcoin’s price and lead to a successful breakout above $60,000.

At the time of writing, Bitcoin is trading around $56,400, down more than 4% in the past 24 hours. facts from CoinMarketCap.

Bitcoin price chart from Tradingview.com
BTC Price Hits Below $56,000 | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com

Source link

behavior Bitcoin BTC Holder Remains Reminiscent shortterm
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

2025-05-11

Bitcoin Price Watch: Miners show strength, but lungs are in danger – why?

2025-05-11

Bitcoin Bulls Beware! – This price can be a high -leverage false door

2025-05-11

Map -Protocol reveals revolutionary interoperability between Bitcoin and Solana networks

2025-05-11
Add A Comment

Comments are closed.

Top Posts

Circle wants to own the crypto compliance space, while Tether questions the price of current regulations

2024-09-25

What the future of Ethereum holds if whales make a splash

2023-12-07

Ethereum is gearing up for a surge of over 35%, according to top analyst – here’s the timeline

2024-01-15
Editors Picks

Bitcoin price faces another rejection, the risk of renewed downtrend gains

2023-05-08

Huobi token holders will be pleased to know this update

2022-10-13

Bitcoin could fall below $90,000 if it does not break this level

2024-11-29

American banks Eye Crypto Guardianship in the midst of Trump’s pro-Crypto-shift

2025-02-14
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

XRP has to close above these price levels to make Beararish forecast invalid

Optimism [OP] Breaks $ 0.85 neckline – this is what it means for traders

Bitcoin: Whales withdraw 110k BTC – a prelude to a new ATH?

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$103,794.140.07%
  • ethereumEthereum(ETH)$2,494.38-2.67%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.36-3.24%
  • binancecoinBNB(BNB)$650.22-0.89%
  • solanaSolana(SOL)$171.72-1.62%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.230208-5.40%
  • cardanoCardano(ADA)$0.80-2.49%
  • tronTRON(TRX)$0.2647940.73%
  • suiSui(SUI)$3.99-1.00%
  • chainlinkChainlink(LINK)$16.94-2.38%
  • avalanche-2Avalanche(AVAX)$24.60-3.82%
  • stellarStellar(XLM)$0.305457-2.16%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.17%
  • hedera-hashgraphHedera(HBAR)$0.204774-5.17%
  • the-open-networkToncoin(TON)$3.36-2.46%
  • hyperliquidHyperliquid(HYPE)$24.97-2.24%
  • piPi(PI)$1.1550.69%
  • bitcoin-cashBitcoin Cash(BCH)$407.82-4.60%
  • polkadotPolkadot(DOT)$5.07-1.70%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.22%
  • litecoinLitecoin(LTC)$99.69-4.42%
  • moneroMonero(XMR)$332.223.00%
  • pepePepe(PEPE)$0.0000140.63%
  • bitget-tokenBitget Token(BGB)$4.86-0.99%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.87-2.45%
  • bittensorBittensor(TAO)$450.25-2.18%
  • nearNEAR Protocol(NEAR)$3.13-5.07%
  • aptosAptos(APT)$5.87-1.55%
  • aaveAave(AAVE)$218.93-4.30%
  • okbOKB(OKB)$54.98-0.52%
  • ondo-financeOndo(ONDO)$1.03-4.97%
  • kaspaKaspa(KAS)$0.1168097.69%
  • internet-computerInternet Computer(ICP)$5.73-0.10%
  • ethereum-classicEthereum Classic(ETC)$19.81-3.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.73-4.72%
  • render-tokenRender(RENDER)$5.18-4.62%
  • gatechain-tokenGateToken(GT)$21.81-2.22%
  • mantleMantle(MNT)$0.800.93%
  • vechainVeChain(VET)$0.031080-1.93%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256085-5.00%
  • crypto-com-chainCronos(CRO)$0.098024-4.52%
  • ethenaEthena(ENA)$0.400706-2.20%
  • arbitrumArbitrum(ARB)$0.448831-8.87%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.13-2.26%
  • cosmosCosmos(ATOM)$5.290.03%
  • bitcoinBitcoin(BTC)$103,794.140.07%
  • ethereumEthereum(ETH)$2,494.38-2.67%
  • tetherTether USDt(USDT)$1.00-0.01%
  • rippleXRP(XRP)$2.36-3.24%
  • binancecoinBNB(BNB)$650.22-0.89%
  • solanaSolana(SOL)$171.72-1.62%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.230208-5.40%
  • cardanoCardano(ADA)$0.80-2.49%
  • tronTRON(TRX)$0.2647940.73%
  • suiSui(SUI)$3.99-1.00%
  • chainlinkChainlink(LINK)$16.94-2.38%
  • avalanche-2Avalanche(AVAX)$24.60-3.82%
  • stellarStellar(XLM)$0.305457-2.16%
  • shiba-inuShiba Inu(SHIB)$0.000016-3.17%
  • hedera-hashgraphHedera(HBAR)$0.204774-5.17%
  • the-open-networkToncoin(TON)$3.36-2.46%
  • hyperliquidHyperliquid(HYPE)$24.97-2.24%
  • piPi(PI)$1.1550.69%
  • bitcoin-cashBitcoin Cash(BCH)$407.82-4.60%
  • polkadotPolkadot(DOT)$5.07-1.70%
  • unus-sed-leoUNUS SED LEO(LEO)$8.35-1.22%
  • litecoinLitecoin(LTC)$99.69-4.42%
  • moneroMonero(XMR)$332.223.00%
  • pepePepe(PEPE)$0.0000140.63%
  • bitget-tokenBitget Token(BGB)$4.86-0.99%
  • daiDai(DAI)$1.000.00%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • uniswapUniswap(UNI)$6.87-2.45%
  • bittensorBittensor(TAO)$450.25-2.18%
  • nearNEAR Protocol(NEAR)$3.13-5.07%
  • aptosAptos(APT)$5.87-1.55%
  • aaveAave(AAVE)$218.93-4.30%
  • okbOKB(OKB)$54.98-0.52%
  • ondo-financeOndo(ONDO)$1.03-4.97%
  • kaspaKaspa(KAS)$0.1168097.69%
  • internet-computerInternet Computer(ICP)$5.73-0.10%
  • ethereum-classicEthereum Classic(ETC)$19.81-3.60%
  • official-trumpOFFICIAL TRUMP(TRUMP)$13.73-4.72%
  • render-tokenRender(RENDER)$5.18-4.62%
  • gatechain-tokenGateToken(GT)$21.81-2.22%
  • mantleMantle(MNT)$0.800.93%
  • vechainVeChain(VET)$0.031080-1.93%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.256085-5.00%
  • crypto-com-chainCronos(CRO)$0.098024-4.52%
  • ethenaEthena(ENA)$0.400706-2.20%
  • arbitrumArbitrum(ARB)$0.448831-8.87%
  • usd1World Liberty Financial USD(USD1)$1.000.00%
  • filecoinFilecoin(FIL)$3.13-2.26%
  • cosmosCosmos(ATOM)$5.290.03%