PANews Report: Bitcoin Short-Term Holders' Lack of Demand Could Limit Price Surge

According to The Block, data from CryptoQuant reveals that the 30-day change in the supply held by Bitcoin short-term holders (STH) has reached its lowest point since 2012, potentially hindering a price breakthrough.

The head of research at CryptoQuant states that historically, Bitcoin price surges to new highs have been fueled by new holders acquiring Bitcoin from long-term holders, driving up the price in the process. While long-term holder accumulation appears essential for further price increases, the reality is that sustained price growth requires new demand from short-term holders. This dynamic is typical during bull market cycles.

Currently, short-term holders are exhibiting a notable lack of fresh demand.