Are STHs stepping back? BTC’s short-term holder a

Are STHs stepping back?

BTC’s short-term holder activity plunged, evidenced by the Realized Cap HODL Waves (1d to 7d) dropping from above 8% to nearly 3.6%.

These market participants, often driven by hype or panic, have capitulated.

At the same time, the Stock-to-Flow (S2F) Ratio surged to 335—its highest level this cycle—indicating extreme supply scarcity.

Together, this combo of seller exhaustion and supply constraints paints the early signs of recovery potential.