Bitcoin short-term holders’ supply has taken a severe hit this year, while the asset itself wiped all the gains of ‘Uptober’ following several corrections and a failure to launch a meaningful rally.
But as the price of Bitcoin recovers, the STH NUPL metric approaching equilibrium could spell trouble for the market, putting the asset at the risk of facing increased sell pressure from this cohort of investors in the near term.
Bitcoin Short-Term Holders May Exert Selling Pressure
When the values for the Net Unrealized Profit Loss (NUPL) metric for short-term holders (STH) are above 0, these holders can realize a profit by selling their coins. Such a scenario depicts that the current market price is higher than the average price at which the STH cohort acquired their assets.
Conversely, when the STH NUPL values are below 0, short-term holders may incur losses if they sell their coins, essentially signaling that the current market price is lower than the average acquisition price for
We współpracy z: https://cryptopotato.com/bitcoin-nupl-metric-indicates-short-term-holders-dilemma-data/
