Holders with up to 1 month do not seem interested in holding their BTC. The behavior of these holders has shown a strong correlation with Bitcoin’s price dynamics. Currently, they hold 2.44M BTC, which is far from the levels observed in 2021 and 2017, where holdings ranged between 5.4 to 6.3 million BTC, reflecting true euphoria and significant interest from new investors.

Alphractal