Short-Term Bitcoin Holders Are At Risk, While Average Investors Enjoy Profits Despite Bumpy Ride: Analysis
Portfolio Pulse from Khyathi Dalal
Glassnode's analysis reveals that while average Bitcoin investors remain profitable, short-term holders face significant risks due to unrealized losses. The spot price is 22% below the all-time high, and further market weakness is expected until it reclaims $62,400.
September 04, 2024 | 2:40 pm
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Glassnode's analysis indicates that short-term Bitcoin holders are at risk due to unrealized losses, while average investors remain profitable. The spot price is 22% below the all-time high, and further market weakness is expected until it reclaims $62,400.
The analysis highlights that short-term Bitcoin holders are experiencing significant unrealized losses, indicating potential selling pressure and market weakness. The spot price is significantly below the all-time high, suggesting a bearish outlook until it recovers to $62,400.
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