Bitcoin hodler data hints BTC price 'really close' to bottom — analysts

Quick Summary

Short-term hodlers may be done with the bulk of their panic selling, while the Mayer Multiple shows buying the dip has rarely been more profitable.

With Bitcoin at multi-year lows, the pain thus lies with STHs more than LTHs.

For Puell, however, dynamics between long-term (LTHs) and short-term holders (STHs) hint that the situation is not necessarily as bearish as many fear.

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Article Details

Author / Journalist: Cointelegraph By William Suberg

Category: Crypto

Topics: BTC price Analysis Bitcoin

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-23, 13:43:36

News Timezone: GMT -5:00

News Source URL: cointelegraph.com

Language: English

Reading Time: 2 minutes read

Article Length: 358 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 5990

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About Coin Telegraph

Main Topics: Crypto

Official Website: cointelegraph.com

Update Frequency: 9 posts per day

Year Established: 2013

Headquarters: United States

Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

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Website Security: Secure (HTTPS)

Publisher ID: #11

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