Data shows Bitcoin short-term supply has reached an all-time low value. This may mean that investors aren’t keen to sell at this level despite the latest rally up where the coin broke $57k.
Bitcoin Short-Term Supply Records All-Time Lows
According to the latest Arcane Research weekly report, the BTC short-term supply is currently floating around all-time low values.
The “short-term supply” here refers to the supply of coins that were moved on the chain within the last three months.
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When this indicator’s value moves up, it means there are a lot of short-term holders in the market right now who are looking to make a quick profit.
On the other hand, a decrease in the metric’s value suggests not many holders are interested in selling right now, and that they are waiting for longer gains.
Now, here is a chart that shows the trend in the Bitcoin short-term supply over its entire history:
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Looks like the indicator is currently touching all-time lows | Source: The Arcane Research Weekly Update – Week 40
As the above graph shows, the short-term supply has been on a downtrend in…