According to @glassnode, short-term holders who keep BTC for less than 155 days have added over 220,000 BTC to their balances since Jun 21, a 9.9 percent increase, source: Glassnode. According to @glassnode, this build is modest compared to Jan to Mar when short-term holder supply surged by 540,000 BTC or 25 percent in one of the sharpest rotations this cycle, source: Glassnode. According to @glassnode, traders can frame the current accumulation pace as below the early year rotation peak, indicating less intense supply turnover than Jan to Mar, source: Glassnode.