Short-term holders show signs of seller exhaustion

09/19/2023 21:30
Short-term holders show signs of seller exhaustion

Short-term holders have begun showing signs of seller exhaustion, which has historically preceded positive price action for Bitcoin.

Short-term holders show signs of seller exhaustion Short-term holders show signs of seller exhaustion 1 min ago · 2 min read

Bitcoin short-term holders display seller exhaustion, which might indicate a market turnaround.

2 min read

Updated: September 19, 2023 at 3:02 pm

Short-term holders show signs of seller exhaustion

Cover art/illustration via CryptoSlate

The behavior of Bitcoin's short-term holders, those possessing the cryptocurrency for less than 155 days, deeply influences market dynamics. Recent data reveals that following Bitcoin's dip to $25,000 on September 11, the percentage of short-term holder supply in loss dropped to 59%. The subsequent recovery to $27,000 pushed the profit supply to 65%, yet it remains below the summer average. The MVRV ratio, indicating unrealized profit or loss relative to market value, hovers at 0.95, brushing against the lower band... Could this be signaling a potential...

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