As Bitcoin's price rises above $90,000, long-term holders (LTHs) are demonstrating their commitment to the cryptocurrency by accumulating more BTC than short-term holders (STHs) are selling. Since January, LTHs have added 635,340 BTC to their holdings, resulting in a 1.38:1 accumulation ratio, illustrating their confidence despite the presence of 2.6 million BTC at a loss. This trend shows that for every 1 BTC sold by STHs, LTHs have purchased 1.38 BTC. STHs, who acquired their coins within the last 155 days, have collectively sold 460,896 BTC, often due to profit-taking or selling at a loss. Many of these short-term transactions happened after Bitcoin's price surge past $95,000, indicative of market reactions post-euphoria. Even with a pullback from the all-time high of $109,000, LTHs are persisting in their hold strategy, reflecting strong conviction in Bitcoin's future performance.

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