On-Chain Shift: Long-Term Confidence, Short-Term Action Building
Long-term holders (>155 days) now hold an all-time high share of Bitcoin supply — showing deep conviction and strong hands.
At the same time, short-term holder (<155 days) supply is beginning to rebound, signaling that new entrants are stepping in.
The number of new short-term holders is rising fast, hinting at growing market participation and potential fuel for the next leg up.
This supply dynamic often precedes high-volatility breakout phases.
