Between September 27th and October 2nd, Bitcoin experienced a 9.48% increase, followed by a 5% decrease. Analyzing the roles of short-term and long-term holders reveals their differing reactions to market changes. Short-term holders are highly sensitive to price fluctuations, while long-term holders tend to be more resilient.

The supply of long-term holders is at an all-time high, while short-term holder supply is at its lowest in nearly eight years. In a recent graph (LTS/STS), the supply held by Long-Term Holders (LTS) has reached an all-time high, standing at 15.6 million bitcoins. In stark contrast, the supply held by Short-Term Holders (STS) has dipped to its lowest point in nearly eight years, a level not seen since November 2015, with a value of 3.8 million bitcoins.

This data suggests a positive outlook for the blockchain market, as the increasing number of long-term holders indicates strong confidence in the technology's future.