@chesternoah
Long-term holders (LTHs) display low turnover: long holding periods, staking or cold storage allocations, and slow reaction to price swings; they usually accumulate on dips and provide price support. Short-term traders have higher transaction frequency, concentrate in exchange wallets, and use leverage—appearing as rapid in/out flows, frequent swaps, and active perp/futures positions. On-chain cohorts (age bands, spend rates) reveal these differences: LTH cohorts increase during consolidation phases and reduce circulating float risk, while short-term activity spikes align with volatility and funding extremes. Cohort analysis of wallet age and realized/unrealized PnL helps quantify behavior.