Bitcoin Shows Signs of Turning Around: Short-Term Selling Eases, Whales Accumulate

Recent data suggests the worst of Bitcoin’s recent price decline may be over as short-term traders are exiting positions, while long-term holders and large whales continue to accumulate. CryptoQuant’s Day-One Dominance (DOD) metric shows nearly all selling pressure is coming from short-term traders who sold off their holdings. This contrasts with the actions of long-term investors who continue to buy into weakness. Long-term holding has been a consistent sign of investor confidence, and it remains strong despite Bitcoin’s recent drop. This dynamic, often seen at market turning points, suggests Bitcoin may be entering a rebound phase.