According to a report by Jinse Finance and a chart released by @glassnode, since June 21, the open interest of short-term holders (i.e., investors holding Bitcoin for less than 155 days) has increased by over 220,000 Bitcoins (an increase of 9.9%). Compared to the period from January to March, this increase is relatively mild—during that time, the supply of Bitcoin surged by 540,000 coins (an increase of 25%), making it one of the most intense turnover periods in this cycle.

BTC-0.35%
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