📊 #Bitcoin# # – Long vs. Short-Term Holder Behavior

This chart shows how #Bitcoin# # supply shifts between long-term holders (LTH) and short-term holders (STH) during market cycles:

🔄 Key Observation:

Every time $BTC dips, LTHs accumulate (blue area rises).

Then during price recovery, STHs increase their holdings (yellow area rises), buying from LTHs.

This cycle repeats: LTH buy → STH buy → $BTC price rises.

📈 Current Situation:

We are now seeing a rise in STH accumulation again (yellow highlighted), similar to previous rally setups.

This suggests a possible #bullish continuation in BTC's price.

The #ETF and MicroStrategy (MSTR) flows remain relatively neutral, showing that organic market dynamics are still strong.

💡 Conclusion:
Smart money (LTH) buys the dip and sells into strength. As STH activity rises again, this may indicate increased retail/institutional participation and a new $BTC uptrend forming.

#Bitcoin# # #BTC # OnChainData

#crypto