Bitcoin (BTC) speculators may spark “significant” BTC price volatility as a large tranche of coins moves onchain.
In one of its “Quicktake” blog posts on April 18, onchain analytics platform CryptoQuant warned that a Bitcoin market shake-up is due.
CryptoQuant: “Volatility is coming” for BTC price
Bitcoin short-term holders (STHs) are signaling that the current calm BTC price behavior may not last long.
CryptoQuant reveals that 170,000 BTC owned by entities with a purchase date between three and six months ago has begun to circulate.
“Around 170,000 BTC are moving from the 3–6 month holder cohort,” contributor Mignolet confirmed.
“Large movements from this group often signal that significant volatility is imminent.”BTC movements by 3-6 month hodler cohort (screenshot). Source: CryptoQuant
An accompanying chart shows the impact of previous STH events, with the latest being the largest by volume since late 2021. Price direction varies, with both upward