**Bitcoin Market Dynamics: Long-Term Holders Cash Out, Short-Term Speculators Dive In**

New research from CryptoQuant reveals a shift in Bitcoin (BTC) market behavior. Long-term holders (LTHs), those who have held BTC for over 155 days, are cashing out, reducing their exposure by $6 billion—from $19 billion to $12 billion. This suggests they're taking profits amid ongoing market enthusiasm.

In contrast, short-term holders (STHs) are ramping up their stakes, increasing their exposure by $6 billion. This divergence highlights differing risk appetites between seasoned investors and newer speculators.

Additionally, the BTC price closely mirrors its realized price from recent transactions, indicating potential short-term corrections. Traders are advised to stay vigilant.