Glassnode: Some short-term Bitcoin holders have taken profits, and it has not yet been confirmed that the market has fully turned to the bullish zone
according to Glassnode, ETF inflows surged to $1.54 billion, pushing Bitcoin back above the Short-Term Holders (STH) cost price. Nearly 5% of the supply changed hands, short positions increased, and some short-term holders took profits. This is a critical retest, but strong support above $92,900 has not been confirmed, and it is not yet confirmed that the market has fully turned bullish.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
[Initial Listing] GAIB (GAIB) will be listed in Bitget Innovation and AI Zone
New spot margin trading pair — ALLO/USDT, MET/USDT!
[Initial Listing] Bitget Will List Datagram (DGRAM) in the Innovation and DePIN Zone
Bitget Spot Margin Announcement on Suspension of L3/USDT, ULTI/USDT Margin Trading Services
