**Latest Developments in the Bitcoin Market**

- **Short-Term Investors (STH):** Short-term investors aim to take advantage of market fluctuations by buying and selling Bitcoin for a short period of time. These strategies include day trading, swing trading, and scalping.

- **Long-Term Investors (LTH):** Long-term investors invest by holding Bitcoin for a long time. These investors usually adopt a "buy and hold" strategy.

- **Observations:** The realized capital of long-term investors decreased sharply from $19 billion to -$5 billion. This indicates that long-term investors took profits or closed their positions. The realized capital of short-term investors increased from -$17 billion to $11 billion, indicating that short-term investors took more risk or increased their long positions.

- **Korea Premium Index:** The Korea Premium Index expresses the price difference of Bitcoin on South Korean exchanges compared to global exchanges. When the index is negative, Bitcoin is traded at a lower price on South Korean exchanges, indicating low buying pressure from Korean investors.

- **Net Realized Profit and Loss:** Net realized profit and loss represents the total net profit or loss in USD. Positive values ​​indicate more profit was taken, while negative values ​​indicate realized losses. The $4 billion realized profit level coincides with significant peaks representing high market activity.

These developments are important in understanding the strategies and market dynamics of both short-term and long-term investors in the Bitcoin market.