As Bitcoin (BTC) hovers around the $11,500 mark, analysis indicates a decrease in profit-taking activity among short-term holders. This suggests a potential stabilization in selling pressure. According to data from Glassnode, the proportion of profitable sales among recently sold BTC held by short-term holders stands at 45%. This indicates that sellers are realizing profits on less than half of their holdings. Glassnode's analysis reveals that approximately 70% of short-term holder volume is currently in a profitable state. The ratio of profit-taking to loss-cutting is nearly balanced, implying a market in equilibrium. This balance suggests that short-term holders are less inclined to aggressively sell their holdings, potentially leading to greater price stability for Bitcoin. ```

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