HomeUncategorizedBitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders By Cointelegraph

Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders By Cointelegraph

May 8, 2022

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Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders

(BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend.

1-hour candle chart (Bitstamp). Source: TradingView

Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours.

LFG wallet data overview (screenshot). Source: BitInfoCharts
BTC/USD 1-day candle chart (Bitstamp) with potential buy and sell areas highlighted. Source: TradingView
Exchange inflow coin age chart. Source: CryptoQuant