Definition ∞ Holder net position is a metric that quantifies the aggregate change in the supply of a digital asset held by long-term investors or “holders.” It reflects whether these entities are accumulating or distributing their assets over a specified period. A positive net position indicates accumulation, while a negative one suggests distribution. This data provides insight into the conviction of established market participants.
Context ∞ Cryptocurrency news frequently analyzes holder net position data to gauge the conviction of long-term investors and predict potential market shifts. A sustained increase in holder net position often signals a bullish outlook, while a decrease can precede price corrections. This metric is a key on-chain indicator for market analysis.
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