Bitcoin (BTC) Short-Term Holder Count Hits 10-Year Low

Adekunle Joshua

Data analysis firm Glassnode has revealed an unprecedented divergence in Bitcoin's holder dynamics

Long-Term Holders (LTHs) and Short-Term Holders (STHs) are indicative of this shift, categorized by a 155-day holding period

The quantity of bitcoins held by LTHs is approaching 15 million, whereas STHs have reached their lowest level of 2.3 million since 2010

This highlights the evolving landscape of Bitcoin ownership

The divergence coincides with a period 155 days ago when Bitcoin reached $30,000, marking a year-to-date high

The firm suggests a potential turning point in Bitcoin ownership dynamics, urging observers to stay vigilant.