Glassnode: Share of Profitable Short-Term Bitcoin Holders Falls to 70%
- —Profitable STH supply fell from near 100% in late September to about 70%
- —Around 30% of short-term positions are now in loss
- —Glassnode points to STH-SOPR and exchange inflows as key follow-up metrics
- —Lower unrealized profit does not guarantee weaker selling pressure
Why it matters: Less unrealized profit means fewer coins to sell into a rebound, but holders slipping into loss could add to panic selling.
Source: Blockmedia