Short-Term Bitcoin Holders Are Dominating Profits, But Will It Lead To Recovery?
Short-term Bitcoin holders are realizing more profits than long-term holders for the first time in over two years, posing a risk to recovery efforts.Summary
Bitcoin is attempting to break a downtrend while hovering near $91,000, marked by a rare shift where short-term holders (STHs) have surpassed long-term holders (LTHs) in realized profits for the first time since March 2023. This dominance by STHs is concerning because they tend to sell aggressively during volatility, potentially pressuring BTC's price if the market weakens. Conversely, bullish signals persist as exchange net position change data shows increasing BTC outflows, suggesting investors are accumulating and viewing the $90,000 range as a bottom. For a recovery, BTC must reclaim $91,521 resistance; success could lead to $95,000 and potentially $98,000, but if STHs take profits, the price could fall back to $86,822, invalidating the bullish setup.
(Source：BeInCrypto)