According to Bitjie.com news, based on market data analysis, the supply of long-term Bitcoin holders is now 5.2 times that of short-term holders. At the same time, the supply of short-term holders has fallen to the lowest level since 2016. Currently, of Bitcoin’s total supply, long-term holders account for 84% and short-term holders account for 16%. This means that most of the circulating supply is currently held by long-term investors, while the amount controlled by short-term participants is historically limited. This is not only supply statistics, but also a measure of confidence. As more and more Bitcoin shifts into the hands of long-term holders, the supply available for immediate sale in the market will decrease. If demand strengthens while this structure remains unchanged, the market may become increasingly sensitive to new capital inflows.