Short-Term Holder Supply

Short-Term Holder Supply is used to track the total holdings of BTC with a holding time of ≤155 days. Short-term holders are the weather vane of the market, and their behavior patterns are often positively correlated with market prices.

When the price rises, the group gradually increases their positions and receives high-priced chips distributed by long-term holders

When the price falls, the group gradually reduces their positions and transfers low-priced chips to long-term holders

Observation reveals:

1) When the BTC price began to accelerate in a long-term upward trend and continued to reach new highs, the high point of the indicator did not reach a new high, indicating that the growth rate of new short-term speculators slowed down, and the long-term holders could not keep up. Distributed high-priced chips, the market rose unsustainable.

2) This indicator can be used as an auxiliary indicator for judging the bottom range. Even if other indicators have been used to judge that the market is close to the bottom range, and the BTC price suddenly accelerates in the long-term downward trend, the indicator rises rapidly, indicating that the price at this time is very high. Attractive, often corresponding to the bottom range of prices.