Part 1 Beginner Why long-term crypto holders borrow against assets instead of selling A strategic guide to liquidity management, capital preservation, and the real tradeoff between selling and borrowing crypto Open guide 
Bitcoin short-term holders reap $1.8 billion in profits over 48 hours
Bitcoin's volatile market enables massive profit-taking for short-term investors.
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Quick Take
Over the 48-hour period of Nov. 7 and 8, short-term holders, specifically those who have maintained their Bitcoin investments for less than 155 days, have extracted a staggering $1.8B in profits. This massive profit-taking marks one of the highest volumes observed this year, rivaled only by instances such as the aftermath of the SVB collapse, the ascent to $30k in June, and a recent surge when Bitcoin began its climb from a low of $25,000.
The supply of Bitcoin among these short-term holders currently sits at about 2.3M BTC, showcasing a continual decline.
At the same time, records show a minimal short-term holder supply in loss, reaching a low of 400 BTC. This relatively insignificant figure underscores that virtually all investors within this short-term cohort are holding onto profits. Such a trend of massive profit-taking may reflect a careful approach from these investors, possibly an attempt to safeguard their returns amidst market volatility or as a strategy to leverage high market values.
Market Cap $1.59T
24H Volume $37.47B
