Bitcoin Short-Term Holders Increase by 15,000 BTC Since April

Since April, bitcoin (https://holder.io/coins/btc/) has seen increased activity from both short-term and long-term holders:

Short-term holders, with over 3.7 million BTC, have added approximately 15,000 BTC since early April.
This group typically reacts to price changes but is currently buying based on value despite BTC being 25% below its all-time high.
Since February, they distributed around 280,000 BTC, likely from profit-taking and panic selling during a 30% drawdown.
Long-term holders, holding for at least 155 days, have increased their holdings by 400,000 BTC since February, totaling over 13.5 million BTC.
This reflects growing confidence among long-term investors amid stagnant prices.
During the same period, Nasdaq has declined by 3.5%, with futures indicating an additional 3% drop.