💫💫 Bitcoin Short-Term Holders Are Sitting on 13% Profit Above $73.3K.
Short-term Bitcoin holders are currently holding an average unrealized profit of around 13%, with their cost basis sitting near $73,300, according to Glassnode. The on-chain structure reportedly resembles conditions seen during previous Bitcoin bull cycles.
With BTC trading comfortably above the short-term holder cost basis, the data suggests these holders currently have a wider profit cushion before reaching breakeven. That can reduce the immediate incentive for panic selling during normal market pullbacks, although it does not guarantee continued upside..
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$BTC
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Short-term Bitcoin holders are currently holding an average unrealized profit of around 13%, with their cost basis sitting near $73,300, according to Glassnode. The on-chain structure reportedly resembles conditions seen during previous Bitcoin bull cycles.
With BTC trading comfortably above the short-term holder cost basis, the data suggests these holders currently have a wider profit cushion before reaching breakeven. That can reduce the immediate incentive for panic selling during normal market pullbacks, although it does not guarantee continued upside..
✅️ FOLLOW FOR MORE ✅️
$BTC
$ETH
$XRP
