Summary
- It was reported that long-term holders own 14.5 million BTC, and short-term holders own 5 million BTC.
- The current short-term holder share is 52% based on market capitalization, which is lower compared to past bull market peaks.
- It was suggested that there is a possibility for Bitcoin to rise further.
Crazzyblockk, a contributor to CryptoQuant, stated on the 5th (local time) via X (formerly Twitter) that "14.5 million Bitcoin (BTC) are held by long-term holders, and 5 million BTC are held by short-term holders," adding that "the short-term holder share is 52% based on BTC market capitalization."
He continued, "Historically, at the peak of a bull market, the share of short-term holders in the realized market capitalization (calculated based on the price at the last movement of each Bitcoin) is over 80%," analyzing that "this means there is a possibility for BTC to rise further."
Meanwhile, BTC is trading at $101,000.01, up 6.13% from the previous day, as of 02:23 on the 6th in the Binance Tether (USDT) market.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
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