Crypto
86% of Bitcoin’s sell-off driven by short-term retail traders Andjela Radmilac · 1 week ago · 2 min read
High exchange inflows from day traders indicate short-term trading activity as the key driver behind Bitcoin’s price volatility.
2 min read
Updated: Jan. 10, 2025 at 3:23 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
As the new year kicked off, Bitcoin’s price turmoil reached a dramatic crescendo on January 9. The day saw BTC oscillate wildly, launching from $95,057 to a brief high of $95,346, only to plummet to $90,707. Amid this turbulent $4,640 trading range, a striking pattern emerged: 86.53% of coins transferred to exchanges were under a day old, signaling intense short-term trading fever. But why did long-term holders remain on the sidelines, and what does this mean for Bitcoin’s market stability? The answer reveals a hidden layer of resilience…
