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<p>Short-term holders went from almost everyone being in profit back in late September down to about 70% now.

Means a lot of the recent buyers who were sitting on easy gains have cooled off, so that heavy sell pressure from them has eased.

Still not cheap by any means with BTC hanging around $80k after getting rejected near $85k, but it's a cleaner setup than it was a month ago if you're betting the uptrend continues.</p>

Short-term holders went from almost everyone being in profit back in late September down to about 70% now.
Means a lot of the recent buyers who were sitting on easy gains have cooled off, so that heavy sell pressure from them has eased.
Still not cheap by any means with BTC hanging around $80k after getting rejected near $85k, but it's a cleaner setup than it was a month ago if you're betting the uptrend continues.

Short-term holders went from almost everyone being in profit back in late September down to about 70% now. Means a lot of the recent buyers who were sitting on easy gains have cooled off, so that heavy sell pressure from them has eased. Still not cheap by any means with BTC hanging around $80k after getting rejected near $85k, but it's a cleaner setup than it was a month ago if you're betting the uptrend continues.

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