Bitcoin short-term holders buy again after months of selling

Bitcoin short-term holders show a positive net position change for the first time in months. After a prolonged period of selling, the 30-day net position change for short-term holders rose to approximately +166,000 BTC. This means this group of investors is, on balance, buying more Bitcoin than they are selling. Bitcoin currently stands at $63.000.

Bitcoin is available at OKX and Bybit.

In brief:

• The 30-day net position change for Bitcoin short-term holders has turned positive after months in negative territory.
• The net position stands at approximately +166,000 BTC, pointing to a behavioural change within this group.
• Whether this turnaround persists will become clear in the coming weeks.

From months of selling to net buying

Short-term holders, typically investors who have held Bitcoin for less than 155 days, spent months selling more than they bought. That period of net distribution has now come to an end. Charts from Alphractal show that the 30-day net position change has turned positive for the first time in a long while.

Analyst joao_wedson pointed to this pattern and argues that the turnaround marks a clear behavioural shift after an extended period of selling.

What does this say about market sentiment?

A positive net position change among short-term holders is often seen by on-chain analysts as a signal that new capital is flowing into the market. Short-term holders typically react more quickly to price movements than long-term holders, which is why their behaviour is regarded as an indicator for the short-term market direction.

Whether the turnaround is sustainable remains uncertain. The analyst says he will monitor this closely in the coming weeks to see whether the trend strengthens further. The Bitcoin price is currently nearly flat at $63.005.