Short-Term Holders Start Distributing Their BTC — Not a Good Sign if It Continues!

The daily change in the "Accumulation vs. Distribution of STH" metric clearly highlights the inflow and outflow of Bitcoin from addresses held by investors for up to approximately 155 days. We're witnessing a reasonable interest from these investors in disposing of their BTC in the short term!

When analyzing the monthly change, it's easier to understand the impact of the STH supply acting as waves of accumulation and distribution, strongly correlating with price action. Since December 5th, the interest in accumulating BTC has been declining, directly affecting Bitcoin's price action.

It's worth noting that this metric can be considered sentiment-driven, as it doesn't prevent Bitcoin from rising again in the future, as we saw in 2021. However, it’s important to observe that, at least for now, investors seem motivated to take profits at the current price level.

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