Summary
- The holdings of short-term Bitcoin holders have reached a 40-month high of 5,439,700.
- It was stated that the holdings of short-term holders generally increase in a bull market.
- It was added that the downward trend in short-term holders' BTC holdings has ended.
The Bitcoin (BTC) holdings of short-term holders have reached a 40-month high.
On the 20th (local time), Martun, an analyst at CryptoQuant, stated on X, "The amount of BTC held by short-term Bitcoin holders has reached 5,439,700," adding, "This is the highest level reached in 40 months." He further noted, "Generally, the holdings of short-term holders increase in a bull market," and added, "The downward trend in short-term holders' BTC holdings has ended."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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