đăBitcoin short-term holders hit a record low, long-term holders become the main forceăđ
According to CryptoQuant data, the 30-day increment of Bitcoin short-term holders (STH) has fallen to the lowest level since 2012. Research director Julio Moreno pointed out that this may limit Bitcoin's ability to break through the current price range.
Data shows that Bitcoin supply is gradually shifting to long-term holders (LTH), that is, those addresses that have held for more than 155 days. The accumulation of long-term holders is a prerequisite for price appreciation, but Moreno emphasized that Bitcoin still needs new demand from short-term holders to maintain price increases.
Historically, Bitcoin price surges are usually due to new holders buying Bitcoin from long-term holders and pushing up prices. Therefore, while the accumulation of long-term holders is a good sign, the activity of short-term holders is equally important. đ
