Here’s what Bitcoin’s diamond hands are up to in the short-term
LTH-NUPL indicators showed that HODLing sentiment is stronger among long-term holders, with a general sense of anxiety about the future......
- Long-term holders (LTH) of Bitcoin have not shown signs of selling their holdings despite muted prices in 2023.
- The Long-Term Holder Net Unrealized Profit/Loss (LTH-NUPL) indicator suggests a consolidating market with little profit-taking.
- The HODLing sentiment is strong, but there is anxiety about the future.
- The widening divergence between LTH supply and short-term holder (STH) supply is evident.
- BTC's price remained stable over the weekend, and the market is waiting for potential decisions on spot ETF applications by the SEC in October.
The article highlights the strong HODLing sentiment among long-term holders of Bitcoin, indicating a positive sentiment towards holding onto their assets despite market conditions. However, there is also a sense of anxiety about the future, suggesting a slightly negative sentiment.