Glassnode: Some short-term Bitcoin holders have taken profits, and it has not yet been confirmed that the market has fully turned to the bullish zone
according to Glassnode, ETF inflows surged to $1.54 billion, pushing Bitcoin back above the Short-Term Holders (STH) cost price. Nearly 5% of the supply changed hands, short positions increased, and some short-term holders took profits. This is a critical retest, but strong support above $92,900 has not been confirmed, and it is not yet confirmed that the market has fully turned bullish.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Network Backs Startups with $100M Venture Fund
The funding comes from 10% of the tokens set aside for the Pi Foundation, a nonprofit organization designed to support Pi’s long-term growth and sustainability.
Nebraska Passes Bitcoin Mining Bill, Awaits Governor’s Signature
BTCS Inc. Raises $57.8M to Expand Ethereum Strategy
NXPC opened at $3.29 and is currently quoted at $3.0566
Trending news
MoreCrypto prices
More








