The behavior of short-term holders (STHs) has been a crucial barometer for Bitcoin’s price peaks and troughs. With Glassnode’s latest data revealing a striking pattern of STH supply control at key moments, a story of market evolution begins to unfold. From an almost total dominance during Bitcoin’s nascent stages to a markedly different landscape today, the shifts in holding durations mirror the broader narrative of Bitcoin’s journey. But as we stand at a pivotal point, what does the current state of STH supply reveal about Bitcoin’s next chapter? Dive in…
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From days to months: How Bitcoin holder behavior predicts price peaks