Short-term Bitcoin (BTC) holders are optimistic as they enter Q4 2024, despite a rocky start to October. In the last seven days, capital realized by short-term holders has increased by $6 billion.

Short-term holders, those who have held Bitcoin for less than 155 days, may be taking more risk or increasing their long positions. According to Amr Taha of CryptoQuant, this group has seen a $6 billion increase.

However, long-term holders have seen a $6 billion decrease in the same period, which could indicate profit taking or closing positions.

Analysts are divided on Bitcoin’s October performance. While there are bearish signals in the short term, some are optimistic about the long term.

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