Short-term holders are the most likely to sell into a rally, and almost all of them are now in profit. Their share of supply in profit is above the sell line, where their selling has picked up in the past. The line has been crossed early in recoveries, such as 2019 and 2023, and near tops, such as 2021 and 2025. On its own, it does not show which way price goes next.
Realized profit across all holders is still low, so the incentive to sell has not yet turned into heavy selling. A drop back below the sell line, together with rising realized profit, would be the first sign that recent buyers are taking profits.
$MAGMA $ENJ $GTC
Realized profit across all holders is still low, so the incentive to sell has not yet turned into heavy selling. A drop back below the sell line, together with rising realized profit, would be the first sign that recent buyers are taking profits.
$MAGMA $ENJ $GTC
