CryptoQuant: Bitcoin Short-Term Holders Accumulated 559,000 BTC in Past Quarter, Signaling New Buyers

COINOTAG reported on October 8th that CryptoQuant analyst Axel observed a substantive shift in Bitcoin holding patterns: the supply held by short-term holders rose by 559,000 BTC, moving from 4.38 million BTC to 4.94 million BTC over the past quarter. The on-chain update from CryptoQuant underscores a measurable change in token distribution across investor tenors.

From a market-structure perspective, this accumulation by shorter-duration wallets signals increased market participation among recent entrants and alters holder composition, with potential implications for near-term liquidity dynamics. Traders and institutional analysts should contextualize this metric alongside exchange flows, open interest and macro liquidity indicators to form a comprehensive risk assessment.