Summary
- According to Glassnode, the current share of Bitcoin held by short-term holders is 40%, down from 50% earlier this year.
- In past bull cycles, the share of short-term investors reached 70% to 90%.
- In the current cycle, the distribution between short-term and long-term investors is evenly spread.
An analysis has emerged that the share of Bitcoin (BTC) held by short-term holders is less than in previous bull markets.
On the 31st (local time), Glassnode stated on X, "Currently, short-term holders own 40% of the Bitcoin supply," adding, "This is a decrease from earlier this year (50%)." They further noted, "In past bull cycles, the share of short-term investors reached 70% to 90%," and added, "In the current cycle, the distribution between short-term and long-term investors is evenly spread."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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