Markets· ★★★· bearish·

Bitcoin short-term holder profit buffer shrinks from 10% to 7%

  • Average price of short-term BTC holders is $71,300, price is around $76,200
  • Gap between price and average price narrowed from 10% to 7% in a week
  • Profit indicator for BTC exchange inflows fell 96% from September 10 to 17
  • Key level is $71,300: a break below would put holders into loss
Why it matters: The shrinking profit buffer makes short-term holders vulnerable: a drop below $71,300 could turn profit-taking into loss-selling.
Source: TokenPost