Short-Term Bitcoin Demand Hits Record as Whales Buy the Dip

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Bitcoin short-term holder net position change. Source: CryptoQuant

Bitcoin’s short-term holder supply expanded by nearly 100,000 BTC over the past 30 days, reaching an all-time high. This surge reflects intense demand from newer market participants, even amid recent price pullbacks near $85,000.

At the same time, long-term holders remained largely inactive, suggesting they are not distributing. Instead, selling pressure came mostly from short-term traders, while larger players stepped in to absorb supply during periods of weakness.