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Market Cap: $ 3 787 132 962 593 / 24h Vol: $ 200 392 171 953 / BTC Dominance: 58.653467328398%

Н News

BTC price tracks $26.5K as Bitcoin speculator supply hits 12-year low

4bdd0f5f-825a-4c35-afe6-aaa79b6b82c2.jpg

BTC price action stays firmly within an established range, while analysis shows that overall Bitcoin investor composition is changing.

Bitcoin (BTC) stuck to $26,500 into the Sept. 24 weekly close as exchange trader accumulation continued.

90421e04-a916-48f7-b395-eeef2a3aedaf.pngBTC/USD 1-hour chart. Source: TradingView

Analysis: BTC price “not ready to make a move”

Data from Cointelegraph Markets Pro and TradingView showed BTC price stability holding firm over the weekend.

Bitcoin had delivered a cool end to the Wall Street trading week, having also shaken off macroeconomic volatility catalysts from the United States.

With few cues appearing since, popular trader and analyst Credible Crypto eyed a slow build-up to a trend shift on the Binance order book.

“Looks like we are not ready to make a move yet,” he summarized to X (formerly Twitter) subscribers on the day.

“Meanwhile, two more blocks of bids just filled. The accumulation continues. Maybe we get a slow weekend and start seeing some movement come Monday. Let’s see what tomorrow brings.”
deea4560-d16b-406d-8ee2-2e01bfa11f46.jpegBTC/USD order book data for Binance annotated chart. Source: Credible Crypto/X

The day prior, fellow trader Skew had hoped for a “liquidity hunt” into the weekly close; this has yet to appear at the time of writing.

$BTC Aggregate CVDs & Delta
loading the sunday liquidity hunt... pic.twitter.com/qFD1dtDGHO

— Skew Δ (@52kskew) September 23, 2023

Further subtle order book changes were noted by Keith Alan, co-founder of monitoring resource Material Indicators, who spied on bid liquidity moving higher toward spot price.

Looks like the #BTC bid liquidity at $26.2k turned into a market order.#FireCharts pic.twitter.com/zJCTafttNK

— Keith Alan (@KAProductions) September 24, 2023

BTC short-term holder reduced to “fine powder”

Picking up on active Bitcoin market participants, popular trader and analyst CryptoCon noted a major washout of speculators.

Related: Bitcoin speculators now own the least BTC since $69K all-time highs

Short-term holders (STHs), the cohort of Bitcoin investors who have held their coins for 155 days or less, now control less of the available BTC supply than at any point in over a decade.

Highlighting data from on-chain analytics firm Glassnode, CryptoCon described STH holdings as a “fine powder.”

“In other words, there are more strong Bitcoin holders than ever before!” part of commentary added.

Previously, Cointelegraph reported on the implied losses currently being endured by the remaining STH investors.

fb2ee4fb-3838-4816-ad37-99e8dec73f12.jpegBTC short-term holder supply annotated chart. Source: CryptoCon/X

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.

Source

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

  • 15.10.25 21:52 harristhomas7376

    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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