BTC long- and short-term positioning ratio hits a 30-month high, as long-term holders continue to accumulate.

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BlockBeats message, July 15: Crypto market analyst gaah cited CryptoQuant data in a post, saying that the BTC long-term holder (LTH) and short-term holder (STH) position share has risen to a 30-month high. This metric is used to measure how Bitcoin supply is distributed between long-term holders and short-term holders.

The analysis notes that extreme highs of this indicator typically do not occur at the peak of market frenzy, but rather during the re-accumulation phase. Historically, the top of a bull market often happens when this indicator starts falling from its high level, rather than when it sets a new high. Currently, with the BTC price still about 50% below the previous cycle’s all-time high, long-term holders are continuing to absorb market float.

BTC2.85%
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