Larger Cohorts Than U.S. ETFs or MicroStrategy Are Dictating Bitcoin Price: Van Straten

What to know:
Since September, long-term holders have sold off over 843,000 BTC. While, in the same time frame short-term holders have accumulated over 1 million BTC.

MicroStrategy and the U.S. spot-listed ETFs have accumulated approximately 200,000 BTC each, since September.

Between futures, spot, and ETF trade volume the total volume has now eclipsed $100 billion.

According to checkonchain data, bitcoin futures trading volume hit an all-time high of around $120 billion on Nov. 17, almost doubling since the U.S. election. However, since then futures trade volume has plateaued and steadied around $100 billion.