Categories: Bitcoin Latest News

Bitcoin Volatility Expected as 170K BTC Shift From Mid-Term Holders: CryptoQuant

Bitcoin (BTC) is likely headed for a period of heightened volatility as 170,000 BTC — worth over $14 billion at its current price of $84,500 — have moved from wallets held for three to six months, a cohort often linked to market turning points, CryptoQuant warned in a post.

On-chain behavior from this group has historically served as an early signal for major price action, according to the post. Mid-term holders are typically considered to be traders that hold a cryptocurrency for 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 traders, making their movements especially telling during transitional periods.

When large amounts of bitcoin shift out of this cohort, it can indicate growing uncertainty or strategic positioning ahead of an anticipated market event. In either case, analysts view this as a sign that a sharp move is coming, though the direction remains unclear.

A similar pattern emerged ahead of previous surges and corrections, including during 2021’s bull run and 2022’s capitulation.

Bitcoin has been trading between $75,000 and $87,000 over the past months as tensions between the U.S. and other countries as a result of U.S. President Donald Trump’s tariff policies have caused anxiety in markets.

Disclaimer: Parts of this article were generated with the assistance from AI tools and reviewed by our editorial team to ensure accuracy and adherence to our standards. For more information, see CoinDesk’s full AI Policy.

Read MoreCoinDesk: Bitcoin, Ethereum, Crypto News and Price Data[#item_full_content]

AddThis Website Tools

Recent Posts

Bitcoin Price Faces Stiff Resistance: Is Another Drop on the Horizon?

Bitcoin price started a downside correction below the $96,500 zone. BTC is now trading below…

42 minutes ago

Bitcoin Recovery Fueled By Almost $19 Billion In Crypto Inflows, Data Shows

On-chain data shows the cryptocurrency market as a whole has witnessed capital inflows of nearly…

3 hours ago

Bernstein Analysts Predict Michael Saylor’s Strategy And Other Corporations Could Buy $330 Billion in Bitcoin by 2030

Bitcoin Magazine Bernstein Analysts Predict Michael Saylor’s Strategy And Other Corporations Could Buy $330 Billion…

6 hours ago

Bitcoin Likely Still ‘Rat Poison’ at Berkshire Hathaway Even Without Warren Buffett

Warren Buffett, the billionaire investor who helped shape Berkshire Hathaway into a global investment powerhouse,…

8 hours ago

LMACD Indicator Reveals Where The Bitcoin Price Is After Rejection From $97,000

The Bitcoin price faced a rejection following its surge to $97,000 last week. Technical expert…

9 hours ago

Reflections on Those MSTR Bitcoin ‘Earnings’

MSTR earnings came out May 1. My morning media stops last Thursday (here and here)…

10 hours ago