Bitcoin Short-Term Holder Share Drops to 1.2% for Sub-Day Holdings

BTC short-term holder ratios decline across all intervals, with sub-day holdings at 1.2%. Analyst cites pattern typical of bear market bottoms, signaling low demand but reduced sell pressure.

Woofun AI notes that CryptoQuant analyst Darkfost highlighted a decline in Bitcoin short-term holders (STH) on August 13. Current data shows STH proportions at 1.2% for less than one day, 2% for one day to one week, 5.6% for one week to one month, 6.7% for one to three months, and 8.1% for three to six months. Darkfost observed that this distribution mirrors conditions at the end of previous bear markets. The shift indicates a rise in long-term holders (LTH), whose BTC is less likely to change hands compared to the more active STH cohort.

Additionally, the falling STH ratio suggests weak market demand, as new purchases typically generate STH UTXOs. Darkfost characterized the current state as a "negative extreme", where low attention and declining STH numbers historically serve as positive indicators.