The latest data from Bitfinex Alpha sheds light on evolving trends in Bitcoin ownership within the cryptocurrency landscape. Notably, short-term Bitcoin investors have witnessed a substantial increase in their holdings, growing from 2.2 million BTC in January to over 3.4 million BTC by mid-April.

This surge in short-term holders is driven by the rising popularity of spot Bitcoin ETFs, reflecting elevated interest among investors with shorter time horizons. However, the concentration of these holdings near the current market price poses a risk of price fluctuations and market volatility.

In parallel, long-term Bitcoin holders are demonstrating a positive outlook on the market, indicated by their shift towards accumulating Bitcoin post the recent all-time high in March. This confidence in the market's trajectory is further underscored by the limited amount of BTC held by long-term investors at prices exceeding the current spot price.

Additionally, the accumulation of Bitcoin by whales mirrors patterns seen before the 2020 bull run, indicating a positive trend in long-term investments.

*Disclaimer: The information presented is for educational purposes only and should not be considered as financial advice. Readers are advised to conduct their due diligence or seek professional guidance before engaging in any investment activities.