The Bitcoin market is in a “relatively balanced position” despite the recent price pullback from all-time highs, Glassnode says. Bitcoin short-term holders in profit have eased their selling activity as Bitcoin’s price continues to slowly climb above its local low of $112,000, according to onchain analytics platform Glassnode. Profit-taking among Bitcoin Short-Term Holders (STH) —…
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Bitcoin short-term holders are currently holding a 3% unrealized loss but it “isn’t the end of the world,” according to a crypto analyst. Bitcoin is now trading below the average purchase price paid by short-term holders, potentially causing “panic” due to unrealized losses, according to an on-chain analyst. “These recent buyers are statistically the most…
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