SvmuuNews: CryptoQuant founder Ki Young Ju stated that although the price of Bitcoin is essentially the same as two years ago, the holding structure has undergone a significant change.
Data shows that investors who have held Bitcoin for 6 months to 2 years now account for 53% of Bitcoin's realized market cap, up from 15% two years ago. Ki Young Ju pointed out that in the previous cycle, this proportion reached 68% when Bitcoin hit its bottom.
He believes this indicates that short-term holders in the current cycle are gradually transitioning into long-term holders.