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Short -term Bitcoin holders in profits have alleviated their sales activity, because the price of bitcoins, according to onchain analytics platform Glassnode, is still slowly rising above the local minimum of $ 112,000.
Profitable survey between bitcoin’s short-term holders -i who holds less than 155 days-with “cooled”, Glassnode said In the market report on Wednesday. The analytical company explained that bitcoins (BTC) STH spent the volume that measures the share of recent buyers in the sale of their bitcoins, dropped to 45%, below the neutral level.
The market in the “relatively balanced position”
Glassnode stated that the data indicate that the market “is in a relatively balanced position, with 70% of the STH offer still held profit and almost even the division of profits and losses that accept coins that are on the move”.
“This is a level that corresponds to the middle line of the previous bulls and is not atypical again,” he added.
The behavior of the StHS bitcoins is closely monitored by market participants because history shows that they are more susceptible to sale during the market volatility.
Comes after Bitcoin dropped to $ 112,044 at the weekend, just a few weeks after reached the new highest maximum maximum maximum of $ 123,1004. July, according to to Nansen. At the time of publication, Bitcoin is traded for $ 114,766.
Onchain analytics platform checkain said On Wednesday X on Wednesday, the ratio of Bitcoin sth sth profit (SOPR) shows that recent buyers who have purchased almost all the highest maxima sell more than the recent buyers who have profit.
“Many recent best buyers and” weaker “hands are sold around its buy-in price and says” getting me out, “Checkkonchain said.
Bitcoin Outlook Positive for the rest of the year 2025
“From there we want to see a short, sharp immersion in the red territory, which decided back to a healthy green number. This confirms that the bull is still in the game,” Checkonchain added.
Related: Bitcoins Supply Shock for “UNCORK” BTC Price When Father Tables runs dry
Despite the recent Pullback Price, several crypto analysts remain optimistic about the performance of bitcoins for the rest of the year 2025.
Fundstrat co -founder and Bitmine chairman Tom Lee said Bitcoin can reach $ 250,000 in 2025, despite other crypto analysts carefully pulling their backs.
“I think Bitcoin should build on this 120 before the end of the year; 200,000, perhaps, 250,” Lee said on Tuesday Natalie Brunell at Coin Stories podcast.
Magazine: Crypto traders ‘foll the same only’ with price predictions: Peter Brandt
This article does not contain investment counseling or recommendations. Every investment and business step includes a risk and readers should do their own research in decision -making.
