80% of Short-Term Bitcoin Holders Currently Underwater on Positions, According to On-Chain Analyst

More than 80% of short-term Bitcoin holders are currently losing money on their BTC positions, according to a popular on-chain analyst. The pseudonymous on-chain sleuth known as Checkmate tells his 97,000 followers on the social media platform X that the short-term holder (STH) metric looks similar to charts in 2018, 2019 and mid-2021, all of […] source: https://dailyhodl.com/2024/08/20/80-of-short-term-bitcoin-holders-currently-underwater-on-positions-according-to-on-chain-analyst/