According to ChainCatcher, citing Glassnode data, since June 21, short-term holders (investors holding Bitcoin for less than 155 days) have accumulated over 220,000 BTC (+9.9%). While this increase is noteworthy, it remains moderate compared to January to March of this year, when the supply held by short-term holders surged by 540,000 BTC (+25%) during one of the most intense rotations of this cycle.