SAMIR—SAFI

#BitcoinShortTermHoldersReach4.08MBTC New Bitcoin holders are currently holding more BTC than before. The supply held by "short-term holders" has reached approximately 4.08 million BTC—the highest level since mid-June. What does this mean? This group primarily owns coins purchased within the last five months. Their holdings have increased by about 12% since the lows seen in July, with roughly 154,000 BTC added in the first two weeks of October alone. However, there is a crucial point to consider: the average cost basis for these holders is around $74,900, which is very close to the current market price. This leaves them with a profit buffer of only about 10%. If the price falls below this level, the group will move into a loss, which could trigger increased selling pressure. On-chain data further reveals that during the recent price decline, short-term holders sent a larger volume of coins to exchanges, whereas long-term holders showed relatively little movement. This suggests that a significant portion of the current market pressure is originating from these newer holders. In my view, this data is neither purely "bullish" nor "bearish." Rather, it indicates that the conviction of a large segment of the market is currently being put to the test. Consequently, the price level around $74,900 is significant. Do you think this accumulation by new holders signals a trend reversal, or is it just another phase? Let me know your thoughts in the comments. DYOR (Do Your Own Research). Not financial advice. #BTC