Bitcoin short-term holders in profit have sold activity as the price of bitcoin gradually climbs above its local lower $ 112,000, which is raw to onchin the analytics platform Glasnod.
Glasanode said in a market report on Wednesday that the profit-teching between bitcoin short-term holders (STH) “cooled” for less than 155 days. The analytics firm discovered that bitcoin (BTC) Saint Spending Volume, which measures the ratio of recent buyers in the profit selling its bitcoin, has been dropped to 45%, the neutral levels have been blue.
Market in “relatively blurred situation”
Glasanod said that statistics suggest that the market is “a revolutionary banging situation, with 70% of the stils still in profit, and almost an EVT of profit and loss in coins that are on thick.”
“This is a level that aligns along the middle line of the former bull steps, and it is not an atypical position,” it said.
The behavior of bitcoin STTS is closely viewed by the market participants, as the history shows more prone to selling the duration of market instability.
According to Nanson, a few weeks after reaching the new all-time high of $ 123,100 on 14 July, it comes after falling bitcoin $ 112,044 over the weekend. At the time of publication, Bitcoin is trading at $ 114,766.
Onchain Analytics platform Checkonchain said in an X post on Wednesday that bitcoin sttt output profit ratio (SOPR is more profitable than those recent buyers.
“Many recent top buyers and ‘weak’ are carrying around their purchase and saying ‘take me out,” said Checkonchen.
Bitcoin outlook positive for the remainder of 2025
“What we want to see from here is a small, sharp dip in the red area, which returns to a healthy green number.
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Despite the recent value pullbacks, many crypto analysts remain optimistic about the performance of bitcoin for the rest of the 2025.
Tom Lee, co-founder of Fundstrats and president of Bitmine, said Bitcoin could reach $ 250,000 in 2025, despite other crypto analysts carefully pulled back the goals.
“I think bitcoin should be real.
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