📊 Bitcoin – Long vs. Short-Term Holder Behavior
This chart shows how Bitcoin supply shifts between long-term holders (LTH) and short-term holders (STH) during market cycles:
🔄 Key Observation:
Every time BTC dips, LTHs accumulate (blue area rises).
Then during price recovery, STHs increase their holdings (yellow area rises), buying from LTHs.
This cycle repeats: LTH buy → STH buy → BTC price rises.
📈 Current Situation:
We are now seeing a rise in STH accumulation again (yellow highlighted), similar to previous rally setups.
This suggests a possible bullish continuation in BTC's price.
The ETF and MicroStrategy (MSTR) flows remain relatively neutral, showing that organic market dynamics are still strong.
💡 Conclusion:
Smart money (LTH) buys the dip and sells into strength. As STH activity rises again, this may indicate increased retail/institutional participation and a new BTC uptrend forming.
