Short-Term Bitcoin Holders Increase Holdings to Over 4M BTC
Short-term Bitcoin holders (STHs) have added over 1.5 million BTC since September 2024, bringing their total to 4 million BTC. STHs are defined as those holding Bitcoin for less than 155 days.
Current Trends in Bitcoin Holdings
- Previous Bitcoin rallies occurred when STHs' buying momentum decreased.
- Historical cycles:
- 2013: STHs held nearly 5 million BTC
- 2017: STHs held 6.2 million BTC
- 2021: STHs held about 4.6 million BTC
- The current STH holding of 4 million BTC indicates potential for further increases.
In contrast, long-term holders (over 155 days) sold 1.2 million BTC, likely due to profit-taking after Bitcoin surpassed $100K. Since then, Bitcoin has traded between $95K and $100K. This dynamic suggests a supply transfer from long-term to short-term holders, indicating readiness for a bull run.
Market Outlook
- Analysts suggest Bitcoin may have found a bottom.
- Predictions indicate Bitcoin could reach $1 million by 2030.
