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treasury companies now hold over half the supply compared to all ETFs combined.
Is this a bullish sign for long-term holders
Yes or No to claim rewards?
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2025-07-15 10:27:31
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We can enhance our Short-Term Holder analysis by examining cost-basis levels of individual sub-groups within the cohort. These create a fast-to-slow ribbon of cost basis levels, functioning as a momentum indicator. The recent upward move has significantly reduced financial pressure on these investors, with all new demand sub-groups now profitable. If sustained, this represents another positive signal for market momentum. Conclusion: With nearly all investor denominations now in profit, this broad-based profitability suggests strong underlying momentum and reduced selling pressure from newer market participants.
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