🚀 #Bitcoin’s Short-Term Holders Could Spark the Next Rally
Bitcoin [#BTC ] has held above $100k for 56 consecutive days, trading in a multi-month ascending channel with healthy pullbacks. Despite multiple all-time highs, short-term holders (STHs) have realized minimal profits, not exceeding 5% over the past 10 months.
Data from CryptoQuant and Checkonchain shows:
STH Supply in Loss: surged from 190.3k BTC → 1.27M BTC
Sell-side risk: dropped to 0.0007, indicating holders are not selling despite losses
STH proportion: ~47% with 30-day flow change of zero
Historically, such low sell-side risk has coincided with market bottoms, suggesting selling pressure is exhausted. This behavior could pave the way for Bitcoin to reclaim $117k resistance, though panic selling could push support back to $112k.
🤔 With short-term holders holding strong despite losses, do you think BTC is primed for its next major rally, or could a sudden sell-off trigger a correction?
