Blame Short-term Bitcoin Holders For the Price Crash Again

[sirty143]

Sometimes, the history indeed repeats itself. In the Cryptoverse, it's the short-term traders who have been driving the most recent sell-off. Again.

As reported in October 2019, crypto market analysis firm Coin Metrics found that the bitcoin (BTC) selling pressure at the time originated from short-term traders that got this coin at prices between USD 10,000 and USD 12,000.

Today, in their latest report, following the most recent market crash on March 13, Coin Metrics says that "recent price movements were likely mostly driven by shorter-term and relatively new holders," according to on-chain data. They support this claim with four arguments... see more for yourself here!