Bitcoin (BTC) Short-Term Holders Defy SEC FUD, Choose to Hold
Despite ongoing fear, uncertainty, and doubt (FUD) caused by the Securities and Exchange Commission (SEC), short-term holders of Bitcoin (BTC) have displayed resilience and a reluctance to cash out. Data indicates that these holders are still interested in staying in the market and seeking profitability. The lackluster performance of Bitcoin's price within the $25k-$30k range has not deterred short-term holders, suggesting the potential for future growth and increased demand. Glassnode data further confirms the steadfastness of short-term and long-term BTC holders, as both groups have shown a commitment to holding their coins. Only a minimal percentage of long-term holders have transferred their tokens to centralized exchanges. The strong conviction and holding behavior of Bitcoin investors amidst SEC-induced FUD reflect a positive outlook for the cryptocurrency's future.