Bitcoin’s recent rally continues to draw attention from new 0 the past three months, wallets linked to short-term holders have gained 559,000 1 data, shared by CryptoQuant’s Axel Adler Jr., shows short-term holder supply rising from 4.38 million BTC to 4.94 million 2 Wallet Growth Signals Fresh Demand Meanwhile, the increase in supply held by short-term holders points to a steady flow of new 3 trend began after a low in mid-2025 and has continued through a period of strong market 4 the past quarter, short-term holders’ supply increased by 559K BTC, rising from a low of 4.38 million to 4.94 million BTC. A significant volume of new buyers entered the 5 — Axel Adler Jr (@AxelAdlerJr) October 8, 2025 Bitcoin has been hanging around its previous 6 this time, people who hold for a short period have been regularly buying more 7 is therefore implied that money is still being pumped into the market even at high price 8 rise in short-term holdings often marks early-stage buying that could later move into longer-term positions if market conditions remain 9 Activity Drops as Holding Rises On-chain data from CryptoOnchain shows the Fund Flow Ratio has dropped to its lowest point since July 10 metric measures the proportion of the network’s transaction volume that is tied to exchanges.
A lower ratio means fewer coins are being moved onto or off trading 11 transactions now occur 12 include transfers to self-custody wallets, large over-the-counter deals, or use in decentralized platforms. A large part of recent network activity appears to be for storage or strategic movement—not immediate sale.
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