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.
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