Analysis: Bitcoin short-term holders are facing significant losses as short-term selling pressure mounts
According to Foresight News, CryptoQuant analysis indicates that the realized price of short-term Bitcoin holders is higher than the current price, resulting in selling pressure during each rebound. These holders collectively own about 5.7 million BTC, of which only around 8% are in a profitable state and approximately 92% are in a loss position, causing significant supply pressure in the market. Additionally, the realized price of strategies (about 762,000 BTC) is around $75,600, precisely the area where recent rebounds encountered resistance, and the market has reacted to this level.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
ASTEROID Tops List with Purchase of ENS Domain Name "Loves ASTEROID, Pumping to Mars"
The address holding 8.38 billion ASTEROID has an unrealized profit of $434,000.
A certain whale spent $828,000 to purchase 2.62 billions ASTEROID within 24 hours.
