NewsBTC
3 July 2025
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Bitcoin Realized Dominance Indicates Shift from Short-Term to Long-Term Holders

Bitcoin Market Update

Bitcoin (BTC) is trading close to its all-time high, with changes in the Realized Dominance metric indicating shifts in market behavior between short-term holders (STH) and long-term holders (LTH).

  • The STH Realized Cap has decreased to approximately 45%, suggesting reduced activity from recent buyers.
  • This decrease indicates that new BTC entering the market is either being sold at a loss or transitioning into long-term holdings.
  • The LTH Realized Cap has increased, reflecting higher activity of long-held coins being sold for profit.
  • This trend typically occurs during late-stage bull markets and signifies strong holder conviction.
  • The divergence between falling STH and rising LTH suggests a supply transfer dynamic, with stronger holders gaining dominance.
  • A consolidation phase is underway, with weaker hands exiting and stronger holders potentially establishing a more resilient price base for BTC.

Demand Indicators

Despite the increase in LTH Realized Dominance, some metrics indicate weakening demand:

  • Apparent Demand has dropped to -37,000 BTC, signaling diminishing buying interest.
  • A potential short-term drawdown could occur, reminiscent of the April 2025 pullback to around $75,000.
  • However, the STH floor price has been rising and is nearing the significant $100,000 level.

At press time, BTC is priced at $107,796, up 1.2% in the last 24 hours.