Bitcoin's climb above $30,000 sent ripples throughout the crypto market. With their eyes fixed on the tumultuous tide, short-term holders are sparking intrigue. Encapsulating their market sentiment are the STH-NUPL and STH-MVRV values, which hint at a cautious optimism amidst these minor players. But a rapidly decreasing Bitcoin supply under their helm begs a paramount question: Is the game of profits nearing its end, or are we yet to witness a dramatic turnaround? Unveil this conundrum in our exclusive Alpha content...
![Bitcoin is soaring, and short-term holders are here for the ride](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/10/bitcoin-up-1.jpg&w=70&h=37&q=75)
Bitcoin is soaring, and short-term holders are here for the ride
This week's Bitcoin rally saw short-term holders cashing in and bouncing back.
![Bitcoin is soaring, and short-term holders are here for the ride](https://cryptoslate.com/wp-content/uploads/2023/10/bitcoin-up-1-768x403.jpg)
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.