Bitcoin News: Bitcoin Volatility Incoming as 170K BTC Move On-Chain, Says CryptoQuant

Bitcoin's price may soon experience significant volatility, according to on-chain analytics platform CryptoQuant, as 170,000 BTC recently purchased between three to six months ago has begun to move across wallets.The movement, attributed to short-term holders (STHs), is the largest since late 2021, and historically signals upcoming turbulence in the BTC market.“Around 170,000 BTC are moving from the 3–6 month holder cohort. Large movements from this group often signal that significant volatility is imminent,” CryptoQuant contributor Mignolet wrote.Speculators Stir BTC Market Ahead of Major MoveThe STH cohort — investors who typically hold BTC for under six months — are known for their reactive behavior to short-term narratives, frequently buying on hype and selling on fear.While Bitcoin (BTC) continues to trade sideways near $84,582, analysts warn that the recent calm may not last long.“Volatility is coming,” Mignolet emphasized, with historical comparisons showing mixed price outcomes following similar events in the past.Short-Term Holders Driving Exchange Selling PressureIn a separate report earlier this week, CryptoQuant’s Crazzyblockk pointed out that STHs are currently the primary source of Bitcoin selling pressure, sending an average of ~930 BTC/day to exchanges.In contrast, long-term holders (LTHs) — those holding BTC for over six months — are moving just ~529 BTC/day, reflecting greater market conviction.“This is not a mass exodus by smart money,” Crazzyblockk noted. “It’s a classic shakeout led by nervous short-term and mid-tier holders.”What’s Next for Bitcoin?Market watchers are closely eyeing macro triggers like upcoming U.S. economic data, CPI prints, and potential Federal Reserve moves for confirmation of BTC’s next major direction.Historically, large-scale movement by short-term holders has preceded both rallies and corrections, making this a key signal for traders and investors to watch in the days ahead, according to Cointelegraph.