Long-Term Holders Trim Bitcoin Positions as Short-Term Traders Capitalize on Momentum

By: en coinotag|2025/05/15 20:30:07

As Bitcoin (BTC) navigates over $100K, contrasting strategies emerge between long-term holders (LTHs) and short-term traders (STHs), shaping market dynamics. Despite recent profit-taking by LTHs, short-term traders capitalize on momentum, reflecting a vibrant market sentiment. “These changes in holder behavior often precede significant price movements,” notes a recent report from COINOTAG. This article explores the shifting strategies of Bitcoin holders, focusing on the implications for market momentum and future trends. Early signs of distribution among long-term holders As Bitcoin’s price ascended from $100K, the dynamics between long-term holders (LTHs) and short-term traders (STHs) have shifted significantly. After a steady accumulation phase that saw LTH supply climb from 13.66 million BTC in mid-March to a peak of 14.29 million BTC, the trend has now quietly reversed. Source: Glassnode May has already recorded two consecutive declines in LTH supply, while LTH spending has surged to 0.43, marking a noteworthy increase. These subtle shifts often signal approaching local tops, as seasoned holders begin to take profits before broader market fluctuations. With Bitcoin trading above the $100K threshold, these pivotal moments warrant close attention from market participants. Short-term traders riding the momentum Since May 8th, short-term holders have re-entered profit territory as Bitcoin surged past $99K. Their SOPR (Spent Output Profit Ratio) has consistently held above 1, indicating that recent sellers are locking in gains. This metric is a crucial indicator of bullish momentum: when STHs are in profit, they’re less likely to panic sell and more inclined to follow the uptrend. Source: CryptoQuant As SOPR climbs toward 1.03, potential sell pressure builds; however, current market sentiment suggests ongoing bullish traction, with little evidence of aggressive distribution. Price fluctuations maintain bullish sentiment Bitcoin traded at $102,706 at press time, a modest decline of 0.83% on the day – a slight cooldown after its recent ascent above $103K. The relative strength index (RSI) stood at 66.47, on the brink of overbought territory but not yet signaling an impending reversal. Meanwhile, the on-balance volume (OBV) has plateaued following a robust April, hinting at declining conviction among buyers but not outright weakness. Source: TradingView While daily candles indicate a period of consolidation, the overall market structure remains bullish. As long as BTC remains above the pivotal $100K support level, the path of least resistance appears upward, although further gains may hinge on fresh buying volume. Conclusion The contrasting behaviors of LTHs and STHs underscore the multifaceted nature of the current Bitcoin market. While LTHs trim positions, STHs embrace the prevailing bullish trend. Monitoring these shifts is critical, especially as price action continues to fluctuate around the $100K mark, providing insights into future market trajectories.

On March 4, 2026, DDC Enterprise Limited (NYSE American: DDC) today announced preliminary, unaudited full-year financial performance for the year ended December 31, 2025. The company expects to achieve record revenue and record positive adjusted EBITDA, primarily driven by continued growth in its core consumer food business and overall margin improvement. The final audited financial report is expected to be released in mid-April 2026.

2025 Full-Year Financial Highlights

Revenue: Expected to be between $39 million and $41 million, reaching a new company high.

Organic Growth: Excluding the impact of the company's strategic contraction of its U.S. operations, core revenue is expected to grow 11% to 17% year over year.

Gross Profit Margin: Expected to be between 28% and 30%, reflecting continued operational efficiency improvements.

Adjusted EBITDA: The company expects to achieve a positive full-year result in 2025, a significant improvement from a $3.5 million loss in 2024, mainly due to rigorous cost controls and a higher-margin sales mix.

Core Consumer Food Business Performance

In 2025, DDC's core consumer food business maintained strong operational performance.

The company also disclosed Core Consumer Food Business Adjusted EBITDA, a metric that further excludes costs related to its Bitcoin reserve strategy and non-cash fair value adjustments related to its Bitcoin holdings from adjusted EBITDA to more accurately reflect the core business performance.

In 2025, Core Consumer Food Business Adjusted EBITDA is expected to be between $5.5 million and $6 million.

Bitcoin Reserve Update

In the first half of 2025, DDC initiated a long-term Bitcoin accumulation strategy, holding Bitcoin as its primary reserve asset.

As of December 31, 2025: The company holds 1,183 BTC.

As of February 28, 2026: Holdings increased to 2,118 BTC

Today's additional purchase of 65 BTC brings the company's total holdings to 2,183 BTC

DDC Founder, Chairman, and CEO Norma Chu stated, "We are proud to have closed 2025 with record revenue and positive adjusted EBITDA, demonstrating the steady growth of the company's consumer food business and the ongoing improvement in profitability. We are building a disciplined, growth-oriented food platform and strategically allocating capital to Bitcoin assets with a long-term view, aligning with our core beliefs. We believe that this dual-track model of 'Steady Consumer Business + Strategic Bitcoin Reserve' will help DDC create lasting long-term value for shareholders."

Adjusted EBITDA Definition
For the full year 2025, the company defines "Adjusted EBITDA" (a non-GAAP financial measure) as: Net income / (loss) excluding the following items:· Interest expense· Taxes· Foreign exchange gains/losses· Long-lived asset impairment· Depreciation and amortization· Non-cash fair value changes related to financial instruments (including Bitcoin holdings)· Stock-based compensation

About DDC Enterprise Limited

DDC Enterprise Limited (NYSE: DDC) is actively implementing its corporate Bitcoin Treasury strategy while continuing to strengthen its position as a leading global Asian food platform.

The company has established Bitcoin as a core reserve asset and is executing a prudent, long-oriented accumulation strategy. While expanding its portfolio of food brands, DDC is gradually becoming one of the public company pioneers in integrating Bitcoin into its corporate financial architecture.

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DDC Enterprise Limited Announces 2025 Unaudited Preliminary Financial Performance: Record Revenue Achieved, Bitcoin Treasury Grows to 2183 Coins