📉 Short-term holders (up to 1 month) are currently out of the game... for now.
Historically, these investors are strongly correlated with euphoric phases in Bitcoin — typically accumulating during rapid price surges.

But today’s scenario is quite different:

🔸 Only 2.36 million BTC are held by them.
🔸 For comparison:
• March 2024: 3.94M BTC
• April 2021 (peak euphoria): 5.44M BTC

This current level is more in line with Bear Market conditions, where sentiment is low and many are discouraged from buying BTC.😶‍🌫️ Is the market still in disbelief?

👉 Track this and other powerful metrics at Alphractal