Short-Term Holders Are No Longer Accumulating Bitcoin, According to Latest Analysis
The post Short-Term Holders Are No Longer Accumulating Bitcoin, According to Latest Analysis appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin’s recent price surge has reached a critical on-chain threshold: Short-Term Holders (STH) have begun distributing their coins, rather than accumulating. According to the latest analysis from Alphractal, this shift marks a potentially pivotal moment in the current cycle. What the Charts Reveal 1. Supply Held by Long and Short-Term Holders In the first chart, Alphractal illustrates the behavior of Long-Term Holders (LTH) and Short-Term Holders (STH) relative to BTC’s price. Historically, STH supply (blue line) peaks shortly before cycle tops and then begins to decline — signaling the start of distribution. At present, we’re seeing a failure in STH accumulation, despite price increases. The LTH supply (red line) remains elevated, suggesting that seasoned holders are not distributing aggressively yet.This divergence implies increasing risk of a top, as newer market entrants are not buying as enthusiastically. 2. Accumulation vs Distribution of Short-Term Holders The second chart captures the daily flow of coins between accumulation (green) and distribution (red) among Short-Term Holders. Since early 2025, distribution events have begun to dominate the on-chain flow, particularly during periods of price strength.This dynamic reinforces the view that many recent buyers are opting to take profits, rather than accumulate further, despite upward price momentum. 3. Realized Price Comparison: LTH vs STH The third chart is perhaps the most insightful from a macro perspective. It compares the realized price (average cost basis) of LTHs and STHs. As of now: STH Realized Price = $94.5K LTH Realized Price = $33K These levels represent critical psychological and technical boundaries: STH Realized Price acts as a near-term support: if the market dips below it, many STHs would be underwater, potentially triggering panic selling. Meanwhile, the LTH Realized Price continues its steady ascent, reflecting long-term confidence and lower risk exposure. Onchain Curiosity A recurring pattern highlighted by Alphractal:…
The post Short-Term Holders Are No Longer Accumulating Bitcoin, According to Latest Analysis appeared on BitcoinEthereumNews.com.
Bitcoin Bitcoin’s recent price surge has reached a critical on-chain threshold: Short-Term Holders (STH) have begun distributing their coins, rather than accumulating. According to the latest analysis from Alphractal, this shift marks a potentially pivotal moment in the current cycle. What the Charts Reveal 1. Supply Held by Long and Short-Term Holders In the first chart, Alphractal illustrates the behavior of Long-Term Holders (LTH) and Short-Term Holders (STH) relative to BTC’s price. Historically, STH supply (blue line) peaks shortly before cycle tops and then begins to decline — signaling the start of distribution. At present, we’re seeing a failure in STH accumulation, despite price increases. The LTH supply (red line) remains elevated, suggesting that seasoned holders are not distributing aggressively yet.This divergence implies increasing risk of a top, as newer market entrants are not buying as enthusiastically. 2. Accumulation vs Distribution of Short-Term Holders The second chart captures the daily flow of coins between accumulation (green) and distribution (red) among Short-Term Holders. Since early 2025, distribution events have begun to dominate the on-chain flow, particularly during periods of price strength.This dynamic reinforces the view that many recent buyers are opting to take profits, rather than accumulate further, despite upward price momentum. 3. Realized Price Comparison: LTH vs STH The third chart is perhaps the most insightful from a macro perspective. It compares the realized price (average cost basis) of LTHs and STHs. As of now: STH Realized Price = $94.5K LTH Realized Price = $33K These levels represent critical psychological and technical boundaries: STH Realized Price acts as a near-term support: if the market dips below it, many STHs would be underwater, potentially triggering panic selling. Meanwhile, the LTH Realized Price continues its steady ascent, reflecting long-term confidence and lower risk exposure. Onchain Curiosity A recurring pattern highlighted by Alphractal:…
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