๐ฆ๐ต๐ผ๐ฟ๐-๐ง๐ฒ๐ฟ๐บ ๐๐ผ๐น๐ฑ๐ฒ๐ฟ๐ ๐๐ฟ๐ฒ ๐ก๐ผ ๐๐ผ๐ป๐ด๐ฒ๐ฟ ๐๐ฐ๐ฐ๐๐บ๐๐น๐ฎ๐๐ถ๐ป๐ด ๐๐ถ๐๐ฐ๐ผ๐ถ๐ป โ ๐๐ถ๐๐๐ฟ๐ถ๐ฏ๐๐๐ถ๐ผ๐ป ๐ถ๐ ๐๐ฎ๐ฐ๐ธ!
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The recent surge in Bitcoinโs price has pushed Short-Term Holders (STH) to start distributing their coins. But what does this mean for the market?
Historically, when the STH Supply starts to decline, Bitcoin tends to be near major cycle tops. In other words, as the price increases, demand slows down while selling pressure rises โ a classic sign that the bull cycle is entering its final stages.
Currently, the Short-Term Holder Realized Price sits at $94.5K, acting as the final support base until this group goes underwater (holds at a loss) again. Meanwhile, the Long-Term Holder Realized Price is at $33K and rising, showing a clear behavioral divergence between long-term and short-term investors.
โ ยฉ Alphractal
