- BTC flow data shows strong movement from short-term holders, as their spent output sits far above long term levels.
- The chart shows that short-term holders generate most of the spent output even when long-term holders hold most of the supply.
- A wide 30x gap forms as spent output from short-term holders sits near 750000 while long-term holders remain near 25000.
BTC market data shows that short-term holders generate the most spent output even though long-term holders hold the most supply. The chart compares spent output from each group and shows a wide gap between short-term activity near 750000 and long-term activity near 25000. This gap reveals the true source of sell pressure as short-term holders move far more coins than long-term holders through each market stage.
Short-term Holders Drive Most Spent Output
Short-term holders move coins at a much higher rate than long-term holders. The STXO level for short-term holders sits near 750000 on a 30-day scale. This amount shows how often short-term coins shift across the chain.
Long-term holders show a much lower amount, near 25000. This level is almost 30 times smaller than the short-term value. The data shows that long-term holders do not drive major sell flow even though they hold most of the supply.
STXO shows when a coin is moved. A moved coin is usually a sold coin. This is why the metric rises during panic or during market top phases.
Long-term Holders Hold Supply but Do Not Create Major Pressure
The data shows long-term holders own around eighty per cent of the supply. Even with this large share, they still do not create the strongest flow. Their spent output sits near 25000, which is small next to the short-term level.
Short-term holders often buy and sell within short cycles. Their behavior makes them the main group behind fast spikes in spent output. This also explains why the STXO chart rises during strong fear or sharp rallies.
Long-term holders shift coins at a slower pace. Their movement appears steady across each cycle. The small size of their spent output means they do not create major market shocks.
A Clear Ratio Forms Between Both Groups as Market Trends Move Forward
The STXO ratio shows a clear separation between the two groups. Short-term spent output moves near 750,000, while long-term spent output stays near 25000. The ratio shows a gap near 30x, which stays stable across several periods on the chart.
This wide gap reveals how fast short-term holders respond to price changes. Short cycles create fast sell waves as this group often trades during fear. Their actions show up on the chart as sharp spikes in spent output during strong market phases.
The question now guides discussion for traders. Will continued short-term pressure remain strong as BTC moves through the next phases of the cycle? This question becomes important as the chart shows that short-term flow drives most movement. Understanding this flow helps traders study behavior across strong rallies or steep declines.
The chart also shows a clear relationship between price shifts and spent output. Short-term spikes often match major moves in the market. These patterns appear near peaks and near sharp pullbacks, which makes the metric useful for cycle analysis.
The steady nature of long-term movement forms a base across each stage. Their flow remains small but stable. Meanwhile, short-term pressure shapes near-term direction and becomes a key signal for traders watching major swings.
