Axel Adler Jr., a macro researcher at CryptoQuant, noted that the average demand for Bitcoin from short-term holders has boostd.
These investors, who typically hold BTC for fewer than 155 days, are buying the cryptocurrency again. As volatility returns to the market, it could signal a potential price boost for Bitcoin.
Michael Van De Poppe, a market expert and CIO of MN Consultancy, predicts that the digital asset could reach a new all-time high soon, driven by upcoming events like the US Presidential election and a potential rate cut from the Federal Reserve.
The Bitcoin Short-Term Holders Supply 30D Change metric demonstrates a 15% growth over the past 18 days, indicating a rebound in demand.
Short-term holders of Bitcoin (BTC) have started to demand the cryptocurrency in larger numbers, suggesting that investors are becoming more optimistic about its potential growth.
