Bitcoin’s recent price measures have given great stress to a specific investor group. I am a long -term holder It looks relatively good Bitcoin’s recent price behavior began to feel fever. Market data now suggests that the cohort may be close to the surrender point, but the bigger picture shows a more complex story in a short time. The holder can still hang.
Short -term holders face losses, but they are maintained within the limit.
According to the on -chain data, Bitcoin’s short -term holder (STHS) has lost $ 7 billion in the last 30 days. The short -term holder is an address with a BTC of less than 155 days. This trend is noticed Through data The warm chain analysis platform GlassNode represents the execution of the loss of losses in the current market cycle.
In addition to the realized losses, the lossless losses have been intensified, pushing many STH-HELD coins underwater. The analysis of GlassNode is getting closer to +2σ thresholds, which is historically and historically pointed out. Increased risk of surrender.
video X: GlassNode
According to history, history shows that short -term bitcoin holders are not in the worst position. The current figure is maintained much lower than the $ 19.8 billion and $ 20.7 billion loss spikes witnessed during the 2021-2022 conflict.
video X: GlassNode
Loss is important, but it still coincides with the pattern in the middle of the previous correction in the bull market. This is Bitcoin Still in the middle Optimistic running.
Bitcoin Bull Scores plunge, ETF leakage pressure appraisal
Bitcoin can still be intermediate, but the appraisal indicators paint a picture that has been pressed by 23% from the recent record in January. Cryptoquant data Bitcoin’s bull score dropped to 20 to the lowest point in two years. The main price recovery rate occurred only when the bull score rose to 60 or more, and the low reading is a sign that the encryption market is still in uncertainty. The seller currently surpasses buyers and momentum.
video X: Cryptoquant
The contribution factor was the continuous capital outflow of the Bitcoin exchange trading fund. Since February, it has flowed from more than $ 4.4 billion in Bitcoin ETF. This leak added weight to the price structure that is already broken after Bitcoin started modifications in January.
Thus, short -term holders who are closer to this highest and continuously rising have been exposed to most losses.
video X: In ALI_CHARTS
Despite the heavy leaks defined over the last few weeks, there are initial signs of this trend that can change. According to SOSOVALUE’s data, the SPOT ETF behavior has been changed last week, and the ranking is continuously flowing into Bitcoin ETF.
video In sosovalue
In particular, SPOT BITCOIN ETF ended the state at $ 773 million, and the leak of five consecutive weeks ended. Return of this institutional interest It may be the first sign It stabilizes positive bitcoin feelings.
At the time of writing, Bitcoin was traded for $ 84,815.
PEXELS’s main image, TradingView chart
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