Bitcoin’s Short-Term Holders Slip Back Underwater, Glassnode

In the latest update on Bitcoin’s market dynamics, a significant shift has occurred for short-term holders. According to a tweet by @glassnode, approximately 60% of Bitcoin held by recent buyers is now below their cost basis following a recent price drop. This trend indicates that many investors are currently underwater, which may impact their trading behavior moving forward. source The current state of Bitcoin reflects a challenging environment for short-term holders, who are now facing losses after a recent downturn. As reported by @glassnode, the percentage of short-term holders that are now underwater highlights a critical pivot in market sentiment.

Source: Coinfomania