Glassnode says BTC Recent buyers have moved out of the strong selling-pressure zone, with the proportion of profitable supply held by short-term holders at approximately 70%
BIBIBI
AT A GLANCE
Glassnode said that BTC the proportion of profitable supply held by short-term holders has fallen from September near-full levels in late the month to approximately 70%。
Article
Glassnode：BTC Recent buyers have moved out of the strong selling-pressure zone, and the proportion of profitable supply held by short-term holders has fallen to approximately 70%BlockBeats reported that October 27, Glassnode stated in a post that investors who recently purchased BTC have moved out of the intense selling zone.September late in the month, nearly all short-term holders' holdings were in profit, whereas this proportion has now fallen back to approximately 70%.
For investors expecting the upward trend in BTC to continue, current entry conditions have improved significantly compared with 1 months ago. The decline in the proportion of short-term holders in profit means that profit-taking pressure in the market has eased somewhat, but this does not mean that BTC will inevitably rise afterward.
Original link https://m.theblockbeats.info/flash/373866
Key points
01
BlockBeats reported on October 27 Glassnode's view regarding BTC short-term holders.
02
Glassnode stated that investors who recently purchased BTC have moved out of the intense selling zone.
03
September In late the month,BTC nearly all short-term holders' holdings were in profit.
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Currently,BTC the proportion of profitable supply held by short-term holders has fallen back to approximately 70%。
05
The original article stated that current entry conditions are significantly better than 1 months ago, but this does not mean that BTC will inevitably rise afterward.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
The proportion of supply held by short-term holders that is in profit has fallen to approximately 70%, meaning that potential profit-taking pressure has eased somewhat. However, this is only a change in a market indicator mentioned in the article and cannot be used to conclude that BTC the price will definitely rise.
Why it matters to readers
This indicator can be used to observe the profit status of recent buyers and potential profit-taking pressure. A decline in the proportion of profitable supply may ease intense selling pressure somewhat, but it cannot independently determine the subsequent price direction.
Beginners can understand it as follows: among those who recently purchased BTC, the proportion in profit is lower than in September late the month, so the number of people who may want to sell for a profit may have decreased somewhat, but this is not a buy signal or a guarantee of an increase.
Risks and unknowns
The evidence consists of BlockBeats' paraphrase of Glassnode's post; the original Glassnode content was not provided.
The evidence does not provide the indicator's raw data, calculation method, or statistical definition.
BTC Whether the price will rise afterward cannot be confirmed by this indicator.
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Short-term holders
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