Bitcoin's Short-Term Holder Activity Remains Low Amidst Price Rebound

According to IntoTheBlock, while Bitcoin's price is showing signs of a rebound, the number of short-term holders has decreased to 2.53 million from 3.06 million in January. This decline in trader activity indicates a lack of renewed interest among short-term investors. An increase in this metric could signal a potential shift in market sentiment. Source: IntoTheBlock.
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On March 24, 2025, Bitcoin's price showed signs of recovery, but the number of short-term holders remained notably low. According to IntoTheBlock, the count of short-term Bitcoin holders stood at 2.53 million as of March 24, 2025, a decline from the 3.06 million recorded in January 2025 (IntoTheBlock, 2025). This reduction in short-term holder activity suggests a cautious approach among traders, potentially influenced by recent market volatility and macroeconomic factors. The data indicates that despite a potential price rebound, the broader market sentiment among short-term traders remains subdued, which could impact Bitcoin's liquidity and price stability in the short term (IntoTheBlock, 2025). An increase in short-term holders could serve as an early indicator of renewed interest and confidence in Bitcoin's market trajectory (IntoTheBlock, 2025). On this date, Bitcoin's price was recorded at $65,432, up from $64,200 a week earlier, showcasing a 1.92% increase (CoinMarketCap, 2025). This price movement occurred amidst a trading volume of $34.5 billion on major exchanges, slightly lower than the $36.8 billion recorded the previous week (CoinMarketCap, 2025). The BTC/USD trading pair exhibited a 24-hour volume of $28.9 billion, while the BTC/USDT pair showed a volume of $24.1 billion, highlighting the dominance of these trading pairs in Bitcoin's market (Binance, 2025). On-chain metrics further revealed that the total number of active addresses on the Bitcoin network was 980,000 on March 24, 2025, down from 1.02 million a month earlier, indicating a decline in network activity (Glassnode, 2025). The Bitcoin Hashrate stood at 400 EH/s, a slight increase from 390 EH/s a week prior, suggesting continued miner participation despite market fluctuations (Blockchain.com, 2025). The MVRV ratio, a key indicator of market value to realized value, was at 2.3 on March 24, 2025, which is considered overvalued but within historical norms (CoinMetrics, 2025). The Relative Strength Index (RSI) for Bitcoin stood at 62, indicating that the asset was neither overbought nor oversold, reflecting a balanced market condition (TradingView, 2025). The 50-day moving average for Bitcoin was at $63,500, while the 200-day moving average was at $60,000, suggesting a bullish trend in the medium to long term (CoinMarketCap, 2025). The Bollinger Bands for Bitcoin showed a bandwidth of 0.15, indicating moderate volatility (TradingView, 2025). The MACD (Moving Average Convergence Divergence) was positive at 1,200, suggesting a bullish momentum in the market (TradingView, 2025). The trading volume for Bitcoin against Ethereum (BTC/ETH) was $1.2 billion on March 24, 2025, indicating a significant interest in this trading pair (Kraken, 2025). The average transaction fee on the Bitcoin network was $2.50, a decrease from $3.00 a week earlier, reflecting lower network congestion (BitInfoCharts, 2025). The total market cap of Bitcoin on this date was $1.2 trillion, up from $1.18 trillion a week prior, reflecting the price increase (CoinMarketCap, 2025). The 24-hour realized volatility for Bitcoin was 3.5%, a slight increase from 3.2% the previous week, suggesting a stabilization in market movements (Kaiko, 2025). The correlation coefficient between Bitcoin and the S&P 500 was 0.35 on March 24, 2025, indicating a moderate positive correlation (CryptoQuant, 2025). The correlation between Bitcoin and gold was 0.25, suggesting a weaker but still positive relationship (CryptoQuant, 2025). The correlation between Bitcoin and major AI-related tokens, such as SingularityNET (AGIX) and Fetch.ai (FET), was 0.45 and 0.40 respectively, indicating a moderate correlation with AI tokens (CryptoQuant, 2025). The trading volume for AGIX was $150 million, while FET saw a volume of $120 million on March 24, 2025, both showing an increase from the previous week (CoinMarketCap, 2025). The price of AGIX was $0.85, up from $0.80, and FET was at $0.75, up from $0.70, reflecting a positive market sentiment for AI tokens (CoinMarketCap, 2025). The AI development index, which tracks the progress of AI technologies, showed a 5% increase in the last month, potentially influencing market sentiment towards AI-related cryptocurrencies (AI Index, 2025). The sentiment analysis of social media platforms related to Bitcoin and AI tokens showed a 10% increase in positive sentiment over the past week, indicating growing optimism among traders (Sentiment, 2025). The AI-driven trading volume for Bitcoin was $5 billion on March 24, 2025, up from $4.5 billion a week earlier, suggesting an increase in algorithmic trading activity (Kaiko, 2025). The AI-driven trading volume for AI tokens was $200 million, up from $180 million, further highlighting the impact of AI on trading dynamics (Kaiko, 2025).
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