Bitcoin’s Magical Transformation: From Fickle Fools to Diamond Hands! 💎

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Oh, what a jolly good show! It seems a whopping heap of Bitcoin has decided to settle down and join the long-term holder club! HODLing is all the rage, and the sentiment is as strong as a giant’s grip! 💪

Bitcoin Supply Has Moved From STHs To LTHs Over Past Month

In a delightful little post on X, our clever CryptoQuant analyst, Maartunn, has spilled the beans on how the Bitcoin supply has been playing musical chairs between the short-term holders (STHs) and the long-term holders (LTHs). 🎶

Now, let’s break it down! The STHs and LTHs are like two cheeky cousins in the BTC market, divided by a rather arbitrary line of 155 days. If you hold your coins for less than that, you’re a short-term holder, but if you stick around longer, congratulations! You’ve graduated to the LTHs! 🎓

There are all sorts of ways to keep an eye on these rascals, and one of the best is the Position Change metric, which tracks the 30-day changes in supply held by these traders. It’s like watching a soap opera, but with more numbers! 📈

Now, feast your eyes on this splendid chart shared by our analyst, showing the thrilling trend in Bitcoin STH and LTH Position Change over the past year:

As you can see, the Bitcoin LTH Position Change has shot up like a rocket! 🚀 This means the supply held by our long-term friends has increased by a staggering 1.019 million coins in just a month! Meanwhile, the STHs are feeling a bit lighter, as their supply has dwindled by the same amount. Oops! 😅

Statistically speaking, the longer you hold onto your coins, the less likely you are to sell them. So, our STHs, with their short attention spans, are the weaklings of the market, while the LTHs are the mighty diamond hands! 💎

With this recent trend of STHs maturing into LTHs, it seems our investors are growing up and taking their cryptocurrency commitments seriously! How very responsible! 🎉

From the chart, it’s clear that the last time we saw this trend was during the consolidation phase of 2024. And what happened next? A glorious Bitcoin rally to new all-time highs! Talk about a fairy tale ending! 📈✨

But wait, there’s more! The rise of the LTHs isn’t the only sign of growing long-term conviction. Our friends at CryptoQuant have pointed out that the Accumulator Addresses are showing a delightful surge in demand for the asset. 📊

These addresses are like the hoarders of the Bitcoin world, with zero history of selling! They’ve only been making incoming transactions, and their demand is following a parabolic curve! “This signal often precedes Bitcoin rallies and reflects long-term conviction,” says CryptoQuant. How exciting! 🎢

BTC Price

As of this very moment, Bitcoin is floating around a dazzling $108,500, up more than 3% in the last 24 hours! What a rollercoaster ride! 🎢💰

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2025-06-17 13:19