5.2 times the supply of long-term holders of bitcoin to short-term holders

According to market data analysis, the supply of long-term holders of bitcoin is now 5.2 times that of short-term holders. At the same time, the supply of short-term holders has fallen to its lowest level since 2016. At present, long-term and 16 per cent short-term holders account for 84 per cent of the total supply of bitcoin. This means that most of the liquidity is currently held by long-term investors, while short-term participants have historically limited control. This is not only a measure of supply statistics, but also of confidence. With the increasing transfer of bitcoin to long-term holders, the availability of immediate sales on the market will be reduced. Markets may become increasingly sensitive to new capital inflows if demand increases while the structure remains unchanged。