The supply of Bitcoin held by short-term holders (STHs) has been decreasing at the fastest monthly rate since 2012.
STHs are Bitcoin investors who bought their coins within the past 155 days, while long-term holders (LTHs) are those who hold coins for a longer period.
The 30-day change in STH supply has plunged into the negative region, indicating a decrease of around 15% in the past month.
This decrease in STH supply suggests a rise in HODLing sentiment and can be a positive sign for Bitcoin.