![Bitcoin performance review: holding strong at roughly $30,000](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/07/insights-bitcoin-review.jpg&w=70&h=37&q=75)
Quick Take
In the month of June, we observed the most profit-taking from Short-Term Holders (STHs) when Bitcoin’s value touched $30,000.
This trend persisted throughout July due to the buying frenzy triggered by the FTX and SVB collapse. Currently, there is minimal profit-taking taking place from STHs.
Furthermore, in the recent month, we’ve noticed significant selling pressure from miners and other stakeholders.
Despite these dynamics, the fact that Bitcoin has maintained its $30,000 value is an extremely bullish sign, and miners are now net accumulators after a month of distribution.
![STH: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/07/STH11.png)
![Miners: (Source: Glassnode)](https://cryptoslate.com/wp-content/uploads/2023/07/miners.png)