Regularly analyzing the behavior of STH and LTH can provide important and essential insights into the market.
To do this, we will focus our analysis on the inflows to Binance from both STH (Short-Term Holders) and LTH (Long-Term Holders), as this helps categorize the selling pressure and assess the potential impact on Bitcoin's price.
Letâs start with the STHs, who are the most reactive and emotionally sensitive investor group when it comes to market movements.
Weâve seen this clearly on two occasions :
- During the correction in August 2024, they sent over 12 000 BTC to Binance ;
- During the customs tariff news between late February and early March, which pushed BTC below $80 000 and caused panic, they offloaded more than 14 000 BTC onto Binance.
However, what really matters today is that their inflows, and thus the selling pressure they represent, remain very moderate, with only 8 000 BTC currently sent to Binance.
Thatâs a level nearly identical to what we saw during the last correction in 2024.
On the LTH side, itâs striking how low their inflows are today.
Only 86 BTC, which is far below the 254 BTC observed just before the previous market top, and even further from the 626 BTC at the 2024 peak.
Whether weâre talking about STH or LTH, inflows to Binance are not concerning at the moment.
However, this should still be considered in the context of current demand, which remains relatively strong for now.
Written by Darkfost
