CryptoQuant: Bitcoin short-term holders in profit for nearly a month
- —Bitcoin short-term holders have been in profit for about a month straight
- —Total STH profit is $168.2 billion, loss is $102.6 billion
- —In May STH losses prevailed, while in January profit lasted less than a week
- —CryptoQuant: BTC holding above $80,000 would confirm a reversal
Why it matters: Sustained short-term holder profit has historically preceded the end of bear phases, but requires confirmation with a price above $80,000.
Source: Koin Bülteni