Bitcoin Short-Term Holders Log 30-Day Profit Streak: CryptoQuant

The signal matters less as a price call than as a shift in the behaviour of the most flighty part of the holder base: coins moved within 155 days sitting in partial profit implies recent buyers are no longer underwater and have less reason to capitulate. That is a structural change in supply overhang, not a directional guarantee. The open question is whether this cohort keeps holding through the first meaningful drawdown, since short-term holders are historically the first to fold.