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Bitcoin Short-Term Holders Halt Buying Activity – What Does This Mean For BTC?

  • Bitcoin's recent upward momentum has weakened, leading to a pullback in price below $83,000.
  • Short-term holders of Bitcoin have halted their accumulation, indicating a decline in demand and confidence.
  • The decline in Bitcoin supply from short-term holders may influence the price, potentially leading to further decline in the near future.
  • However, historical data suggests that Bitcoin can still reach new highs even with a decline in short-term holder supply.

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