Data: The short-term holder 30-day increment of Bitcoin has dropped to the lowest level since 2012, which may hinder the price breakthrough.

According to CryptoQuant data, the short-term holder (STH) 30-day increment of Bitcoin has dropped to the lowest level since 2012. Julio Moreno, research director of CryptoQuant, said that this may limit Bitcoin's ability to break through the current price range.
Data shows that Bitcoin supply is transferring to long-term holders (LTH), which are addresses with a holding period of more than 155 days. While the accumulation of Bitcoin by long-term holders is a prerequisite for price appreciation, Moreno emphasizes that Bitcoin still needs additional demand from short-term holders to sustain price increases. Moreno adds, 'Currently, there is still no significant increase in demand from short-term holders.'