According to Cryptonewsland, BTC flow data shows short-term holders (STH) are responsible for most of the spent output, with levels near 750,000, while long-term holders (LTH) remain around 25,000. The data reveals a 30x gap between the two groups, indicating that STHs drive most market activity and sell pressure despite LTHs holding the majority of the supply.
BTC Data Shows STH Spent Output Near 750,000 as LTH Levels Stay Around 25,000
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