Bitcoin’s Supply Shifts to Weaker Hands—Is a Sell-Off Next?

Amid Bitcoin’s recent struggle to stabilize above the critical $105,000 price level, on-chain data has revealed a trend.   The total circulating supply held by short-term holders (STHs) has surged significantly over the past few days, a signal that historically leans bearish for the coin’s near-term price action. BTC Under Pressure as Weak Hands Accumulate According to Glassnode, the total supply of coins held by BTC STHs plunged to a year-to-date low of 2. 24 million coins on June 22 and has since rebounded strongly source: https://beincrypto.com/btc-price-falls-supply-shifts-to-weaker-hands/