Analyst: The group that holds the currency for 3-6 months has recently transferred about 170,000 BTC, which may cause price fluctuations

Odaily News Analyst Mignolet published an article on CryptoQuant's blog platform Quicktake, warning that the Bitcoin market is about to be shaken. Mignolet disclosed data showing that about 170,000 BTC are being transferred from the group that holds for 3 to 6 months. The behavior of these short-term holders may cause the current calm BTC price to not last long, and also indicate that the market is about to experience major fluctuations. In contrast, long-term holders only move about 529 BTC per day, highlighting short-term fear or profit-taking, while long-term beliefs remain intact.