Mars Finance News, on May 13, Sentora (formerly IntoTheBlock) stated that the amount of Bitcoin held by short-term holders has surged to its highest level since January this year. Such a rapid increase typically indicates that new market entrants are actively accumulating, and often coincides with periods of increased bullish market sentiment.
Analysis: Bitcoin short-term holders' holdings rose to a new high since January, which may indicate that the market's bullish momentum is increasing
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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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