The behavior of Bitcoin's short-term holders, those possessing the cryptocurrency for less than 155 days, deeply influences market dynamics. Recent data reveals that following Bitcoin's dip to $25,000 on September 11, the percentage of short-term holder supply in loss dropped to 59%. The subsequent recovery to $27,000 pushed the profit supply to 65%, yet it remains below the summer average. The MVRV ratio, indicating unrealized profit or loss relative to market value, hovers at 0.95, brushing against the lower band... Could this be signaling a potential...
Short-term holders show signs of seller exhaustion Short-term holders show signs of seller exhaustion
Bitcoin short-term holders display seller exhaustion, which might indicate a market turnaround.
2 min read
Updated: Sep. 19, 2023 at 3:02 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.