#BTC Update: Long-term and Short-term Holder's activities

1. Short-term holder (left chart)

In recent months, according to data from Bitcoin Realized Cap Hold Waves, short-term holders of Bitcoin have accumulated significant amounts of Bitcoin.

Based on this metric, now 50% of the realized Bitcoin cap belongs to short-term holders, who tend to hold onto their Bitcoins for longer periods.

In addition to this definition, the Bitcoin market, evaluated based on RC valuation, is entering a danger zone similar to the 2019 price cycle. This is because the increased value held by short-term holders may lead to a tendency to take profits or exit, causing market volatility.

Consequently, it may be prudent in the coming days to exercise caution in market decisions and adopt a strategy of patience while observing Bitcoin price movements

2. Long-term (right chart)

The clusters in red and near-red indicate a significant proportion of long-term held supply starting to trade, change ownership, and be revalued at the current spot price. This is also a characteristic trend during the 'euphoria phase' similar to previous Bitcoin bull seasons.

We can observe that higher prices tend to activate the participation of long-term holders, bringing this 'dormant supply' back into circulation. This reflects an asset transfer event, where long-term holders distribute supply to realize profits while providing liquidity for the incoming wave of demand in the market.

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