4.08 million BTC are now held by short-term holders. So, has the wave of new buyers started to lose momentum?
The supply held by short-term holders (STH) has reached its highest level in about 4 months, increasing by nearly 422,000 BTC (about 12%) since July 29. Many of these buyers entered the market around $82Kโ$86K, and their average purchase cost is about $74.9K.
What most posts overlook is that the pace is slowing. Reported inflows reached about 154,000 BTC in the first half of October, but totaled only around 48,000 BTC in the latest week. The profit margin has also narrowed from about 16% to around 10%. Long-term holders have a much larger safety cushion, so newer buyers tend to react first when volatility returns.
Levels to watch (reference zones, not guaranteed):
๐ข $85Kโ$86K: Reclaiming this range would signal improving momentum
๐ก $80Kโ$82K: Buyers need to defend this range
๐ด Around $74.9K: The break-even point for short-term holders, where selling risk rises$BTC
The supply held by short-term holders (STH) has reached its highest level in about 4 months, increasing by nearly 422,000 BTC (about 12%) since July 29. Many of these buyers entered the market around $82Kโ$86K, and their average purchase cost is about $74.9K.
What most posts overlook is that the pace is slowing. Reported inflows reached about 154,000 BTC in the first half of October, but totaled only around 48,000 BTC in the latest week. The profit margin has also narrowed from about 16% to around 10%. Long-term holders have a much larger safety cushion, so newer buyers tend to react first when volatility returns.
Levels to watch (reference zones, not guaranteed):
๐ข $85Kโ$86K: Reclaiming this range would signal improving momentum
๐ก $80Kโ$82K: Buyers need to defend this range
๐ด Around $74.9K: The break-even point for short-term holders, where selling risk rises$BTC