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Continue a consolidation now of several weeks just below its $ 112,000 summit, an interesting accumulation phenomenon occurs.
Short -term and long -term holders have increased their batteries as separate cohorts, which is unusual because these groups generally act in opposite directions, according to Glassnod data.
The table below of Glassnode illustrates the 155-day threshold used to classify parts belonging to long-term holders (LTH) or short -term holders (STH).
Since June 22, the LTH Supply has increased by 13,000 BTC, returning to a historic summit of 14,713,345 BTC. Meanwhile, during the same period, STHS increased its BTC supply by more than 60,000 BTC and now has more than 2.3 million BTC.
According to Glassnode data, LTH and STH cohorts generally divergent because LTHs often sell in the bull market, while STH tends to buy in the middle of the greed of the market and euphoria.
This alignment suggests that the two groups of market participants expect higher prices. If the two cohorts continue to increase their supply, there is a strong possibility that heights of all time be exceeded.
