Darkfost: The proportion of short-term bitcoin holders is decreasing, indicating the market is approaching the end of the bear cycle

According to CryptoQuant analyst Darkfost, the proportion of supply held by short-term Bitcoin market holders (STH) is declining. Currently, holders with less than 1 day account for 1.2%, 1 day to 1 week account for 2%, 1 week to 1 month account for 5.6%, 1 to 3 months account for 6.7%, and 3 to 6 months account for 8.1%. Darkfost believes that a decrease in the number of STH and low market demand are phenomena that typically occur during the end stages of bear markets.