Analysis: Bitcoin market reshuffled as LTHs sell and STHs buy

Negentropic, the X account of Glassnode co-founders Jan Happel and Yann Allemann, reported that during the current Bitcoin dip, long-term holders (LTHs) are offloading their assets while short-term holders (STHs) are stepping in to buy. Meanwhile, whales are quietly accumulating, and miners are maintaining a neutral position. The selling pressure is simply reshuffling the market, with new hands absorbing the sell-offs, according to the post.