• Bitcoin was down by over 1% in the last 24 hours.
• Market indicators looked bearish on the coin.

While Bitcoin’s [BTC] price gained upward momentum, the short-term holders acted interestingly.

Therefore, AMBCrypto then planned to take a closer look at the king of cryptos’ state to better understand where it was headed.

Short-term holders are accumulating

Crazzyblokk, an analyst and author at CryptoQuant, recently posted an analysis highlighting interesting activity. Notably, in recent months, short-term holders have accumulated significant amounts of Bitcoin.