Short-term holders face increasing stress as speculative excess cools: Glassnode
Crypto Briefing
Glassnode data shows short-term Bitcoin holders are stressed and realizing losses as market speculation subsides.Summary
On-chain analytics firm Glassnode reports that short-term Bitcoin holders, defined as those who acquired coins recently, are experiencing mounting stress as speculative excess in the market cools down. The Short-Term Holder Net Unrealized Profit/Loss (NUPL) metric has entered loss territory, indicating that recent buyers are now facing growing unrealized losses as market sentiment shifts. This current stress among short-term holders is seen as a potential precursor to market resets and could lay the groundwork for healthier market conditions, similar to disbelief phases historically seen during bull market recoveries.
(Source：Crypto Briefing)