The head of research at the on-chain analytics firm CryptoQuant has explained why selling pressure from Bitcoin traders may be declining.
Bitcoin Short-Term Holder Realized Price Has Risen To $60,000
In a new post on X, CryptoQuant head of research Julio Moreno has discussed why the short-term holder selling pressure may be declining for BTC. The “short-term holders” (STHs) refer to the Bitcoin investors who have been holding onto their coins since less than 155 days ago.
The STHs include the “traders” of the market who make many moves within short periods and don’t tend to HODL their coins. This group can be quite reactive to market movements, easily panic selling whenever a crash or rally takes place.
Generally, investors in profits are more likely to sell their coins, so one way to gauge whether the STHs would be likely to take part in a selloff is through their profit/loss margin.
Here, Moreno has cited the profit/loss margin of this cohort based on its reali
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