Amr Taha2024-08-18

Long-term holders' realized capitalization has surpassed $3 billion.

This chart displays the net position realized cap for short-term holders (STH) and long-term holders (LTH) of Bitcoin (BTC) over time. Here’s what it represents: Short-term holders (STH): - Short-term holders are individuals who engage in buying and selling Bitcoin over a relatively brief period, usually less than one year. This category often includes traders who participate in regular transactions to profit from short-term price fluctuations. - These holders typically use trading strategies such as day trading, swing trading, or scalping to leverage market volatility. Long-term holders (LTH):. - Long-term holders are skilled traders or entities that hold onto their Bitcoin for an extended period, typically over a year. - Long-term holders usually adopt a buy-and-hold investment strategy, believing in the long-term potential of Bitcoin. Observations : - Highlighted Areas (Green Boxes): The green boxes and arrows indicate recent changes where LTH realized cap changes have moved back into the positive territory above $3 billion While STH increases selling, This indicates that LTH continue to accumulate While STH is being selling at a worse price. - funding rates returned to a negative value, or around 0.00%, indicating that retail traders are increasingly interested in opening short positions ( negative or zero funding rates most of time bullish ).