BTC Short-Term Holders Struggle Amid Price Drop
During the trading during the trading on Monday, the price of Bitcoin was less than $ 100,000. Although the price of leading coins rebounded at a price of $ 102,691, its short -term holder (STH) still feels a tingling sensation of temporary prices.
The data on the chain shows that the BTC holder queue continues to be sold at losses.
Bitcoin short -term holders calculate their losses
According to Cryptoquant’s data, in the past week, the expenditure profit margin (SOPR) of Bitcoin STHS has been going down. As the price of the coin is damaged State below 100,000 US dollars Yesterday, the value of this indicator was lower than 1. As of writing this article, it is 0.99.
STH-SOPR measures the profitability of short-term holders of specific encryption assets. It usually provides insights on whether investors who hold specific assets for three to six months are in a favorable or unprofitable position.
If STH-SOPR is higher than 1, the short-term holder sells coins average in a profit manner. Instead, if STH-SOPR is lower than 1, it indicates that these holders are selling at a loss.
As of writing this article, BTC’s STH-SOPR proposed that investors who hold coins less than six months are spent, the price is lower than its acquisition foundation.
oneAlthough the price of BTC From the low point of rebound from Monday, negative prejudice continued to fall behind the king coins. It is currently -0.48, and its load-bearing emotions prove this.
The weighted emotions of assets measure their overall positive or negative bias. It tracks the quantity mentioned by social media and the emotions expressed in these.
Like BTC, negative values are depending on the drop signal. This shows that investors have become more and more skeptical about the recent prospects of tokens, which makes their transactions less.
BTC price prediction: Will it retract $ 109K or a slide below $ 100K?
If this negative prejudice enhancement and transaction momentum decline, the price of BTC will reduce its recent returns. In this case, it may be traded at a price of $ 99,378 less than $ 100,000.
On the contrary, if the upward trend continues and the market emotion improves, the coins can try to recycle Its historical highest point is $ 109,356.
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