559,000 BTC Added in Just 3 Months: New Buyers Flood the Bitcoin Market

Short-term holders added 559,000 BTC as Bitcoin nears its peak; On-chain data shows rising demand and declining exchange activity.

Bitcoin’s recent rally continues to attract the attention of new participants. In the last three months, wallets linked to short-term holders have gained 559,000 BTC.

The data, shared by Axel Adler Jr. from CryptoQuant, show that the supply of short-term holders increases from 4.38 million BTC to 4.94 million BTC.

New portfolio growth signals new demand

Meanwhile, the increase in supply from short-term owners points to a steady stream of new buyers. The trend started after a low in mid-2025 and continued during a period of strong market prices.

Last quarter, the supply from short-term holders increased by 559,000 BTC, from a low of 4.38 million to 4.94 million BTC.

A significant number of new buyers entered the market. pic.twitter.com/eW3UsLDWUg

— Axel 💎🙌 Adler Jr (@AxelAdlerJr) October 8, 2025

Bitcoin hovered around its previous peak. During this time, people who hold for a short period regularly buy more cryptocurrency. It is therefore suggested that money is still being pumped into the market, even at high prices. The rise in short-term holdings often indicates early-stage purchases that could later transition into longer-term positions if market conditions remain stable.

Stock market activity decreases as the holding increases

On-chain data from CryptoOnchain shows the Fund Flow Ratio has fallen to its lowest point since July 2023. This metric measures the portion of the network’s transaction volume that is linked to exchanges. A lower ratio means fewer coins are moved to or from trading platforms.

Most transactions now take place outside the stock exchange. These include transfers to self-custodial wallets, large over-the-counter deals or use on decentralized platforms. Much of the recent networking activity appears to be for storage or strategic relocation – rather than immediate sales.

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The trend is also visible on Binance, the world’s largest crypto exchange.

“The significant decline in Binance’s Fund Flow Ratio suggests that even the most active market participants are reducing their sales-related activities,” the report said.

Watch for support near $117,000

Market analyst ZYN marked the price zone between $120,000 and $121,000 is just as thin in terms of on-chain support.

“There isn’t much support between $121,000 and $120,000, meaning the price could fall quickly if sales pick up,” he wrote.

Just below that range, however, buyers appear to be more active. Around $117,000, approximately 190,000 BTC were last acquired. According to ZYN, that range is “the kind of zone where demand usually shows up,” with buyers likely to defend their positions as prices fall.

Bitcoin was trading around $121,400, down 2% in the past 24 hours. The seven-day performance remains positive, up almost 6%, with strong buying interest and lower selling pressure across the network. Trading volume over the past day reached $78.7 billion.