$BTC
📊 Bitcoin Approaches All-Time High | Significant Increase in Short-Term Holder Profits
Bitcoin is currently trading near its all-time high of $109,000, and there are clear signs of renewed enthusiasm in the market.
One of the most responsive sentiment indicators, which is the short-term holder (STH) profit/loss ratio, reflects this change:
🔸 On April 7, during the sharp correction, the ratio dropped to 0.03 — indicating that most of the supply held by short-term holders was at a loss as Bitcoin reached a low of $76,000.
🔸 Since then, the ratio has jumped above 9.0, meaning that more than 90% of the supply held by short-term holders has returned to profit, reflecting a strong recovery in sentiment.
This shift in profitability among short-term holders has historically been associated with market momentum phases — so it is important to monitor it as we approach the price discovery phase.
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