Initial Balance of Bitcoin Supply and Demand, Limited Selling Pressure

In the Bitcoin (BTC) market, there are signs of profit-taking pressure from short-term holders and a recovery in demand. An analyst from Darkfost CryptoQuant stated at 8:20 AM (Korean time) on the 1st, "While there has been a slight increase in selling due to profit-taking by short-term holders, on-chain UTXO spending has not significantly increased." This is assessed as an initial balance phase rather than a large-scale panic sell-off. UTXO is an indicator that tracks the last movement record of specific coins on the Bitcoin network, used to interpret investor behavior through the movement of coins based on holding periods. According to the analysis, while profit-taking by short-term holders leads to selling pressure, the increase in UTXO spending is not substantial, indicating that the selling pressure is not excessive. This suggests that it is not a signal that determines the price direction, but rather an interpretation that holder behavior is closer to limited adjustments than to a sharp sell-off. Currently, the market is positioned between early signs of demand recovery and continuous but not excessive selling pressure, which does not indicate a forecast for price increases or decreases.

This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.