Data: BTC long/short positioning ratio hits a new 30-month high, as long-term holders continue to accumulate.

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Mars Finance news: crypto market analyst gaah cited CryptoQuant data in a post, saying that the share of holdings by Bitcoin long-term holders (LTH) and short-term holders (STH) has risen to a 30-month high. This metric is used to measure how Bitcoin supply is distributed between long-term and short-term holders. The analysis notes that the indicator’s extreme highs usually do not occur at the peak of market mania, but during the re-accumulation phase. Historically, Bitcoin bull market tops tend to occur when this metric starts to fall from its high, rather than when it sets a new high. Currently, even though BTC’s price is still about 50% below the previous cycle’s all-time high, long-term holders continue to absorb market circulating supply.
BTC2.57%
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