- Alphractal revealed that the holdings of short-term holders of cryptocurrencies have increased.
- The market has grown, but it has not reached an extreme state of euphoria.
- It hinted at the possibility of further increases in Bitcoin.
STAT AI Notice
- The article was summarized using an artificial intelligence-based language model.
- Due to the nature of the technology, key content in the text may be excluded or different from the facts.
An analysis has emerged stating that the cryptocurrency market has not yet reached a state of extreme euphoria.
On the 27th (local time), the on-chain data analysis platform Alphractal announced on X, "The holdings of cryptocurrencies by short-term holders (up to 1 month) are increasing," but also noted, "This indicator has not reached the high levels observed in previous cycles." It continued, "This suggests that while the market size has increased, it has not yet reached a state of extreme euphoria," hinting at further increases in Bitcoin.
According to Alphractal, the increase in cryptocurrency holdings by short-term holders (up to 1 month) tends to coincide with the cyclical peaks of Bitcoin prices.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBitPiCK News
Bitcoin (BTC) Temporarily Recovers $102,000
3 hours ago
MicroStrategy Purchases an Additional 1,070 Bitcoins (BTC) Worth Approximately 147.1 Billion KRW
5 hours ago
"Elon Musk's 'X Money' May Launch Early, Supporting Cryptocurrency Payments"
6 hours ago
Last Week's Digital Asset Investment Products Saw $75 Million Outflow... $580 Million Inflow in the First 3 Days of the New Year
7 hours ago
"11 Global Public Companies Purchased Additional Bitcoin (BTC) Last Week... Buying Trend May Continue This Year"
10 hours ago
Ranking News