Bitcoin Sellers Running Out? Short-Term Holder Realized Profit Dips 32%
Summary
Bitcoin short-term holders are realizing fewer profits, indicating reduced interest in harvesting gains. These holders, who bought their coins within the past 155 days, are likely to panic sell during market fluctuations. The recent rally towards the all-time high led to a spike in realized profits, but the indicator has since dropped to just 10%. However, the Realized Cap of investors holding for less than a month has been on the rise, suggesting new demand flowing into the cryptocurrency. At the time of writing, Bitcoin is trading at around $69,200, down over 1% in the past seven days.
