On-chain data shows that Bitcoin short-term holders are depositing 0.82% of their supply to exchanges. Here’s how these inflows compare with past crashes.
Bitcoin Short-Term Holder Inflows Have Been Elevated Recently
The BTC market can be divided into two broad investor groups, one of which is the “short-term holder (STHs) cohort.” The STHs are investors who have been holding onto their coins since less than 155 days ago.
Generally, the Bitcoin holders belonging to this group are the weakest hands in the market, as they may easily sell at the sight of any sharp volatility or uncertainty in the market.
The opposite cohort is called the “long-term holder (LTH) group,” and it naturally includes all participants that have been carrying their BTC in their wallets since more than 155 days ago.
These LTHs usually hold for large stretches of times, and they are the diamond hands in the sector who need to be pushed a lot before they start panic selling their coins.
Recently, the Bitco
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