{"id":5428,"date":"2023-10-16T14:59:53","date_gmt":"2023-10-16T14:59:53","guid":{"rendered":"https:\/\/coinengineer.io\/blog\/?p=5428"},"modified":"2023-10-16T14:59:53","modified_gmt":"2023-10-16T14:59:53","slug":"bitcoin-reaches-historic-low-in-short-term-supply","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/bitcoin-reaches-historic-low-in-short-term-supply\/","title":{"rendered":"Bitcoin Reaches Historic Low in Short-Term Supply!"},"content":{"rendered":"

Bitcoin<\/strong> Reaches Historic Low in Short-Term Supply! One of the best ways to track the activity and status of Bitcoin owners is to divide the supply of Bitcoin<\/strong> into two categories. They are Short-term and long-term. This metric allows us to examine the transfer of wealth among Bitcoin owners<\/strong> in each market cycle.<\/p>\n

With this concept in mind, we have observed a new historic decline in short-term Bitcoin ownership for the 2023 price cycle, particularly due to the weak performance in the second and third quarters of this year. As the supply among short-term owners decreases, you might think that long-term owners will face less selling pressure. However, this is not the case.<\/p>\n

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