Bitcoin

April

Divergence

<h2 id="quick-take">Quick Take</h2>
<ul>
<li data-stringify-indent="0" data-stringify-border="0">Long-term holders are defined as holding longer Bitcoin for more than 155 days, which would be from at least December 7th, 2022.</li>
<li data-stringify-indent="0" data-stringify-border="0">Currently, 14.3 million Bitcoin are held by long-term holders, which is an all-time high; they bought relatively near the bottom of the cycle and have already been held through a banking collapse in the U.S.</li>
<li>A clear divergence started on April 12, as long-term holders continued to accelerate purchasing while short-term holders were offloading.</li>
<li>Currently, short-term holders hold around 2.7 million Bitcoin, which is near all-time lows.</li>
<li>STH supply is currently on a crucial long-term structure, which usually occurs during bear market lows.</li>
<li>CryptoSlate expects long-term holder supply and <a href="https://cryptoslate.com/insights/luna-collapse-one-year-on-what-can-we-learn-from-on-chain/">supply last active more than a year ago</a> to continue to rise.</li>
</ul>
<figure id="attachment_324512" aria-describedby="caption-attachment-324512" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-324512 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/divb.png" alt="Long/Short Holder Threshold: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/divb.png 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/divb-300x169.png 300w, https://cryptoslate.com/wp-content/uploads/2023/05/divb-1024x576.png 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/divb-768x432.png 768w, https://cryptoslate.com/wp-content/uploads/2023/05/divb-1536x864.png 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-324512" class="wp-caption-text">Long/Short Holder Threshold: (Source: Glassnode)</figcaption></figure>
<figure id="attachment_324479" aria-describedby="caption-attachment-324479" style="width: 1800px" class="wp-caption aligncenter"><img class="wp-image-324479 size-full" src="https://cryptoslate.com/wp-content/uploads/2023/05/divergence.jpg" alt="Long/Short Holder Threshold: (Source: Glassnode)" width="1800" height="1013" srcset="https://cryptoslate.com/wp-content/uploads/2023/05/divergence.jpg 1800w, https://cryptoslate.com/wp-content/uploads/2023/05/divergence-300x169.jpg 300w, https://cryptoslate.com/wp-content/uploads/2023/05/divergence-1024x576.jpg 1024w, https://cryptoslate.com/wp-content/uploads/2023/05/divergence-768x432.jpg 768w, https://cryptoslate.com/wp-content/uploads/2023/05/divergence-1536x864.jpg 1536w" sizes="(max-width: 1800px) 100vw, 1800px" /><figcaption id="caption-attachment-324479" class="wp-caption-text">Long/Short Holder Threshold: (Source: Glassnode)</figcaption></figure>
<p>The post <a rel="nofollow" href="https://cryptoslate.com/insights/divergence-between-long-term-and-short-term-holders-could-set-up-a-bullish-squeeze/">Divergence between long-term and short-term holders could set up a bullish squeeze</a> appeared first on <a rel="nofollow" href="https://cryptoslate.com">CryptoSlate</a>.</p>

Divergence between long-term and short-term holders could set up a bullish squeeze

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