Short-term profit reversal: Bitcoin STH group sees light

With the recent surge in Bitcoin prices, short-term holders (STH) have finally had a long-awaited respite. As a representative of new market demand and recent buyers, the fate of this group affects the sensitive nerves of the market. At the end of July, more than 90% of the Bitcoin held by STH was in a loss-making state, and the financial pressure was huge. However, the current rebound not only broke through the cost basis of STH, but also made 75% of the holdings realize unrealized profits. The STH-MVRV indicator also stood firmly above the break-even line of 1.0, sending a positive signal.

Further detailed analysis, we glimpsed the subtle changes in the profitability of different subgroups through the individual coin age segmentation of the MVRV indicator of short-term holders. From the latest buyers (1 day to 1 week) to buyers who are about to transform into long-term investors (3 to 6 months), the MVRV values ​​of all coin age segments show a profit trend, especially the 1 day to 1 week and 3 to 6 months coin age segments, which are the most eye-catching, reaching 1.05 and 1.07 respectively, showing the strong momentum of the current upward trend.

It is particularly noteworthy that the net realized profit/loss assessment results of each sub-group also show signs of constructive improvement. Except for the coin age segment from January to March, which is under certain pressure due to recent market fluctuations, the remaining segments have achieved positive capital flows, indicating the gradual recovery of market confidence. This round of short-term profit reversal has undoubtedly injected positive energy into the overall investor sentiment, and the future trend is worth looking forward to. $BNX $BETA $JTO #美国大选如何影响加密产业？ #美国以太坊现货ETF开始交易