The winds of change are blowing in the Bitcoin market, bringing a fresh wave of short-term traders while veteran holders remain steadfast in their convictions. A recent report by Bitfinex Alpha reveals a fascinating dichotomy in investor behavior, with new players chasing quick profits and seasoned hodlers (hold on for dear life) accumulating for the long haul. Related Reading: Ethereum Longs Crushed! Who Got Burned In The $62 Million Fire Sale? Short-Term Surge Fueled By ETF Frenzy Spot Bitcoin ETFs, financial instruments that mirror Bitcoin’s price, have emerged as a game-changer. These easily accessible options are attracting a new breed of investor, one with a keen eye for short-term gains. This influx is evident in the significant rise of short-term holders (those holding Bitcoin for less than 155 days). Their holdings have skyrocketed by nearly 55% since January, indicating a surge in speculative activity. It looks like we still have overhang from last cycle. Short term holders realized price is steadily rising as new players enter the market and Buy #Bitcoin. Hedge funds, Pension Funds, Banks etc. Bu ..
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