📉 Bitcoin (BTC) has taken a 16.5% tumble from a high of $63,801 on July 1 to a low of $63,499 on July 5, marking the "deepest correction" in 24 months! 😲 Glassnode data reveals that this has left short-term holders (STHs) with unrealized losses. But hey, don't panic! This correction is actually shallower compared to past cycles, indicating a strong market structure and reduced volatility. 🙌

83% of the supply controlled by STHs has fallen into unrealized losses, putting pressure on Bitcoin and the wider crypto market. 😓 BTC is currently trading at $57,485 and faces stiff resistance at $58,000.

What's your take on this? Is it time to HODL or sell? 🤔 Let's discuss in the comments! 👇 Remember, no investment decision should be made without proper research. #Bitcoin #CryptoNews