Bitcoin (BTC) Ready To Experience Significant Volatility as 170,000 Coins Move from 3–6 Month Holder Cohort

Although Bitcoin (BTC) continues to hold steady in the mid-$80,00 range, analysts are forecasting that significant volatility may be imminent for the leading cryptocurrency.

Cryptocurrency analyst Mignolet highlighted in a recent CryptoQuant post that approximately 170,000 BTC has been moved from the 3–6 month holder cohort.

Historically, such large movements from this group have often preceded significant price swings in the cryptocurrency.

The analyst shared a chart showcasing how spikes in BTC movement from the 3–6 month cohort have frequently led to heightened price volatility. Notably, green boxes denote upward price movement, while red boxes indicate price declines.

Several analysts have shared their insights on recent BTC price action based on both on-chain metrics and technical chart patterns.

For example, seasoned crypto analyst Master of Crypto made an observation about the realized price of short-term holders (STH) versus long-term holders (LTH).

According to the analyst, STH are currently mostly in the red, with a realized price of around $92,700, while LTH have a realized price of $26,500, meaning they’re sitting on gains of over 200%.

Master of Crypto added that whenever such a wide gap exists between STH and LTH realized prices, it often paves the way for severe price volatility.

They concluded by saying “either the weak hands fold, or we rip higher.”

Another analyst, Ted, drew attention to BTC’s correlation with the global M2 money supply.

According to Ted, Bitcoin is tracking the growth in global M2 with a 108-day lag, suggesting a potential trend reversal as early as May. The analyst further added:

“I think for the next few weeks, BTC could consolidate between $75K-$90K. During this timeframe, retail will most likely panic sell while smart money will accumulate.”

Meanwhile, noted analyst Titan of Crypto recently stated that BTC’s consolidation around the $83,000 level could be laying the groundwork for a rally toward $135,000.