$BTC

The numbers mark a decline of 800,000 BTC, or roughly 15.1%, in less than a month. Short-term holders (STH) are typically investors who bought Bitcoin within the past few weeks or months. In bullish market cycles, this group tends to expand as new entrants buy Bitcoin from long-term holders, fueling price appreciation.

A shrinking STH balance, on the other hand, often signals that fewer new buyers are entering the market, and that those who did recently may be selling, either to take profits or limit losses.