Bitcoin short-term holder profit drops to 70%, which Glassnode says may favor buyers
· price · Sentiment: bearish
Bitcoin short-term holder (STH) realized profit has declined to approximately 70%, according to Glassnode data. This drop indicates that recent buyers are seeing reduced gains and approaching breakeven levels, a threshold historically associated with diminished selling pressure. Glassnode interprets the metric as a bullish signal that may favor buyers by limiting overhead supply and creating conditions for renewed upward momentum in the near term.