Bitcoin Short-Term Holders Move Into Profit: Is Another Sell-Off Looming?

Onchain analytics platform Glassnode has revealed that most Bitcoin short-term holders are in profit. This development has raised the possibility of the flagship crypto facing another sell-off from this category of holders, who may be unable to hold during this period of sideways action. 70% of Bitcoin Short-Term Holders Are in Profit A Glassnode report revealed that 70% of the Bitcoin short-term holders’ supply is in profit despite the recent Bitcoin price pull-back. The platform noted that the deeper the correction, the more their supply is likely to fall into loss, a development which could affect these holders’ confidence source: https://www.newsbtc.com/bitcoin-news/bitcoin-short-term-holders/