Short-term holders own 19% of Bitcoin’s supply, with 8% at a loss

What's new?

Traders regained profitability recently with 11% in profit and 8% at a loss.

Why is this relevant?

Historically, periods when STHs are at a loss (13 March) have been great buying opportunities.

What does the data tell us?

On-chain data shows the short-term holder cohort regained profitability recently.

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Conclusion
We conclude that short-term traders drove the rally higher, and have begun to take profits. At the same time, supply in profit between LTHs and STHs remains at healthy levels.

Nothing in this article constitutes professional and/or financial advice. The content is provided exclusively for informational and/or educational purposes. Nothing is to be construed as an offer or a recommendation to buy or sell any type of asset. Seek independent professional advice in regards to financial, tax, legal and other matters.

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