{"id":476025,"date":"2021-11-10T19:00:25","date_gmt":"2021-11-10T19:00:25","guid":{"rendered":"https:\/\/wncen.com\/?p=476025"},"modified":"2024-06-11T07:45:49","modified_gmt":"2024-06-11T07:45:49","slug":"bitcoin-supply-looks-illiquid-as-long-term-holders-keep-from-selling","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/bitcoin-supply-looks-illiquid-as-long-term-holders-keep-from-selling\/","title":{"rendered":"Bitcoin Supply Looks Illiquid As Long-Term Holders Keep From Selling"},"content":{"rendered":"

Data shows Bitcoin supply has been relatively illiquid recently as long-term holders haven’t started realizing profits much.<\/p>\n

Bitcoin Supply Last Moved Within 30 Days Has Been Relatively Low<\/h2>\n

As per the latest weekly report from Arcane Research<\/a>, despite a rise in BTC’s price recently, the supply moved within the last 30 days hasn’t risen much.<\/p>\n

The percentage of Bitcoin supply last moved in the past 30 days is an important indicator that tells us about the liquidity of the market.<\/p>\n

Usually, when coins start aging more, they become less likely to be moved. Because of this reason, a low proportion of short-term supply<\/a> implies low liquidity in the market. This can be a bullish signal for BTC.<\/p>\n

On the other hand, if a high percentage of Bitcoin supply is young, then the liquidity would be high. This may be a sign of bearish trend.<\/p>\n

Based on the trend of the indicator, it may be possible to tell whether the market is nearing a peak or not. Here is a chart that shows how the value of the BTC young supply has changed since 2017:<\/p>\n

\"Bitcoin<\/p>\n

Looks like the current percentage of supply moved in the last thirty days is relatively low | Source: The Arcane Research Weekly Update - Week 44<\/a><\/pre>\n
The above graph shows some interesting features between the indicator and the Bitcoin price during the two bull runs of 2017 and 2018.<\/p>\n
Related Reading |\u00a0Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come?<\/a><\/strong><\/em><\/p>\n
In 2017, whenever the short-term supply peaked, the price of the crypto also made a top. But the trend didn’t hold true in 2021 as the sole sharp spike in the metric has been followed by a strong bull market that lasted three months.<\/p>\n
The sharp spike in the short-term supply this year was seen when Bitcoin broke the 2017 all-time high. Long-term holders started selling then, increasing the liquidity.<\/p>\n
The demand for the coin only increased in the following months, but the supply shock became too big. The price started moving down soon after.<\/p>\n
Related Reading |\u00a0S2F Creator PlanB Believes In $98k Nov Target For Bitcoin<\/a><\/strong><\/em><\/p>\n
Currently, the short-term supply is sitting at a healthy 10%, which means it has enough room to grow still, despite already making a new ATH<\/a>. This means that if Bitcoin’s strength remains, the market can still grow before hitting a top.<\/p>\n
BTC Price<\/h2>\n
At the time of writing, Bitcoin’s price<\/a> floats around $68.2k, up 10% in the last seven days. Over the past month, the crypto has gained 18% in value.<\/p>\n
Below is a chart that shows the trend in the price of the coin over the last five days.<\/p>\n
\"Bitcoin<\/p>\n
BTC's price has made a new ATH above the $68k mark | Source: BTCUSD on TradingVIew<\/a><\/pre>\n
Featured image from Unsplash.com, charts from TradingView.com, Arcane Research<\/pre>\n","protected":false},"excerpt":{"rendered":"
Data shows Bitcoin supply has been relatively illiquid recently as long-term holders haven’t started realizing profits much. Bitcoin Supply Last Moved Within 30 Days Has Been Relatively Low As per the latest weekly report from Arcane Research, despite a rise in BTC’s price recently, the supply moved within the last 30 days hasn’t risen much. The percentage of Bitcoin supply last moved in the past 30 days is an important indicator that tells us about the liquidity of the market. Usually, when coins start aging more, they become less likely to be moved. Because of this reason, a low proportion of short-term supply implies low liquidity in the market. This can be a bullish signal for BTC. On the other hand, if a high percentage of Bitcoin supply is young, then the liquidity would be high. This may be a sign of bearish trend. Based on the trend of the indicator, it may be possible to tell whether the market is nearing a peak or not. Here is a chart that shows how the value of the BTC young supply has changed since 2017: Looks like the current percentage of supply moved in the last thirty days is relatively low | Source: The Arcane Research Weekly Update – Week 44 The above graph shows some interesting features between the indicator and the Bitcoin price during the two bull runs of 2017 and 2018. Related Reading |\u00a0Bitcoin Sentiment Suggests Serious Greed, But Will A Correction Come? In 2017, whenever the short-term supply peaked, the price of the crypto also made a top. But the trend didn’t hold true in 2021 as the sole sharp spike in the metric has been followed by a strong bull market that lasted three months. The sharp spike in the short-term supply this year was seen when Bitcoin broke the 2017 all-time high. Long-term holders started selling then, increasing the liquidity. The demand for the coin only increased in the following months, but the supply shock became too big. The price started moving down soon after. Related Reading |\u00a0S2F Creator PlanB Believes In $98k Nov Target For Bitcoin Currently, the short-term supply is sitting at a healthy 10%, which means it has enough room to grow still, despite already making a new ATH. This means that if Bitcoin’s strength remains, the market can still grow before hitting a top. BTC Price At the time of writing, Bitcoin’s price floats around $68.2k, up 10% in the last seven days. Over the past month, the crypto has gained 18% in value. Below is a chart that shows the trend in the price of the coin over the last five days. BTC’s price has made a new ATH above the $68k mark | Source: BTCUSD on TradingVIew Featured image from Unsplash.com, charts from TradingView.com, Arcane Research<\/p>\n","protected":false},"author":542,"featured_media":476028,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,84666,12210,1119,1144],"class_list":["post-476025","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-long-term-holders","tag-bitcoin-supply","tag-btc","tag-btcusd"],"acf":[],"yoast_head":"\nBitcoin Supply Looks Illiquid As Long-Term Holders Keep From Selling<\/title>\n<meta name=\"description\" content=\"Data shows Bitcoin supply has been relatively illiquid recently as long-term holders haven't started realizing profits much. 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Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Bitcoin Supply Looks Illiquid As Long-Term Holders Keep From Selling","url":"http:\/\/wncen.com\/news\/bitcoin-supply-looks-illiquid-as-long-term-holders-keep-from-selling\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/wncen.com\/news\/bitcoin-supply-looks-illiquid-as-long-term-holders-keep-from-selling\/"},"thumbnailUrl":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/amjith-s-E0ysiG-2Q9A-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/amjith-s-E0ysiG-2Q9A-unsplash-scaled.jpg?fit=2560%2C1667"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin long-term holders","bitcoin supply","btc","btcusd"],"dateCreated":"2021-11-10T19:00:25Z","datePublished":"2021-11-10T19:00:25Z","dateModified":"2024-06-11T07:45:49Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Bitcoin Supply Looks Illiquid As Long-Term Holders Keep From Selling\",\"url\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-supply-looks-illiquid-as-long-term-holders-keep-from-selling\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/wncen.com\\\/news\\\/bitcoin-supply-looks-illiquid-as-long-term-holders-keep-from-selling\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/amjith-s-E0ysiG-2Q9A-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2021\\\/11\\\/amjith-s-E0ysiG-2Q9A-unsplash-scaled.jpg?fit=2560%2C1667\"},\"articleSection\":\"Cryptocurrency Market News\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"bitcoin\",\"bitcoin long-term holders\",\"bitcoin supply\",\"btc\",\"btcusd\"],\"dateCreated\":\"2021-11-10T19:00:25Z\",\"datePublished\":\"2021-11-10T19:00:25Z\",\"dateModified\":\"2024-06-11T07:45:49Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/wncen.com\/wp-content\/uploads\/2021\/11\/amjith-s-E0ysiG-2Q9A-unsplash-scaled.jpg?fit=2560%2C1667","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/476025"}],"collection":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/comments?post=476025"}],"version-history":[{"count":0,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/posts\/476025\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media\/476028"}],"wp:attachment":[{"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/media?parent=476025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/categories?post=476025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wncen.com\/wp-json\/wp\/v2\/tags?post=476025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}