“The Stack Sizes of Long Term and Short Term Holders Typical Move in Opposite Directions.”, – WRITE: www.coindesk.com
Continues a Now Multi-Week Consolidation Just Below It-Time High of $ 112,000, An Interesting Accompumulation Phenomenon Is Occurring.
Both Short-Term and Long-Term Holders Have Been Increasy Their Stacks As Distinct Cohorts, WHICH IS UNUSUAL BECAUSE TESE GRUPS TYPICALLY ACT INPOSITE DIEAS.
The Chart Below From Glassnode Illustrates the 155-Day Thrasld Used to Classify Coins as Belfing to Long-Term Holders (Lth) or Short-Term Holders (Sth).
Since June 22, The Lth Supply Has Increated by 13,000 BTC, Returning to An All-Time High of 14,713,345 BTC. Meanwhile, Over The Same Period, Sths Have Grown Their Btc Supply by More than 60,000 BTC and now Hold Over 2.3 Million BTC.
Access to glassnode data, lth and sth cohorts USUAL DIVERGE Lths of FTEn Sell Into Bull Market Strength, While Sths Tend to Buy Amid Market Greed and Euphoria.
This Alignment Suggests That Both Groups of Market Participants Are Expecting Higher Prices. If Both Cohorts Continue Increase The Supple, There Is A Strong Possibility that All-Time Highs Will Be Surpassed.
Long/Short Term Holder Threshold (Glassnode)
In addition to his professional endeavors, James Serves as an Advisor to Coinsilium, A UK Publicly Traded Company, WHERE HE PROVides Guidance on Their Bitcoin Treasury Strategy. He Also Holds Investments in Bitcoin and Strategy (MSTR).
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