Bitcoin (BTC) is probably on the way in a period of increased volatility, as 170,000 BTC – worth over $ 14 billion at its current price of $ 84,500 – has moved from wallets held for three to six months, a cohort often linked to the market’s turning points, Kryptoquant warned in a post.
On-Chain behavior from this group has historically served as an early signal to greater price action, according to the position. Mid -term owners are typically considered retailers who have a cryptocurrency anywhere between three to 12 months.
They tend to be more reactive to market conditions than long -term holders, but less impulsive than short -term dealers, making their movements especially narrative during transitional periods.
When large amounts of Bitcoin change out of this cohort, it may indicate growing uncertainty or strategic positioning in front of an expected market event. In both cases, analysts consider this as a sign that a sharp move is coming, although the direction remains unclear.
A similar pattern appeared in front of previous waves and corrections, including during the 2021’s Bull Run and 2022’s capitulation.
Bitcoin has traded between $ 75,000 and $ 87,000 in recent months, as the US and other countries as a result of US President Donald Trump’s customs policy have caused anxiety in markets.
Disclaimer: Parts of this article were generated with the help of AI tools and reviewed by our editorial team to ensure accuracy and compliance with our standards. For more information, see Coindesk’s full AI policy.
