The cryptocurrency market has recently witnessed significant price fluctuations, with Bitcoin experiencing a 9.48% increase between September 27th and October 2nd, followed by a 5% decrease. A key factor in these market changes is the differing reactions of short-term and long-term holders to price movements.

Short-term holders tend to be highly sensitive to price fluctuations, while long-term holders exhibit greater resilience. Currently, the supply of long-term holders is at an all-time high, while short-term holder supply has reached its lowest level in nearly eight years.

A recent graph (LTS/STS) reveals that the supply held by Long-Term Holders (LTS) has reached an all-time high of 15.6 million bitcoins. In contrast, the supply held by Short-Term Holders (STS) has dipped to its lowest point since November 2015, with a value of 3.8 million bitcoins. This trend highlights the growing confidence in the long-term potential of cryptocurrencies and the blockchain industry.