Bitcoin Selling Pressure May Be Cooling Down
In late September, nearly 100% of Short-Term Holder (STH) supply was in profit. Now, that figure has dropped to around 70%, according to Glassnode data.
đ Fewer short-term holders are sitting on significant unrealized profits, potentially reducing immediate profit-taking pressure.
đ What does this mean for BTC? A more favorable setup could be developing for buyersâbut renewed demand and a recovery in bullish momentum remain key.
#FOMCWatch
In late September, nearly 100% of Short-Term Holder (STH) supply was in profit. Now, that figure has dropped to around 70%, according to Glassnode data.
đ Fewer short-term holders are sitting on significant unrealized profits, potentially reducing immediate profit-taking pressure.
đ What does this mean for BTC? A more favorable setup could be developing for buyersâbut renewed demand and a recovery in bullish momentum remain key.
#FOMCWatch
