I think the short-term holder metric has reached a very low level after a long period, creating a buying opportunity.

This metric includes those who hold bitcoin between 1 hour and 155 days. A value of 1 indicates a breakeven level, above 1 indicates profitable selling, and below 1 indicates selling at a loss.

We know that the metric last reached the 0.95 level in December 2022, which initiated a bull run. During bull trends, the 0.95-0.90 range is usually a good buying level. Currently, the metric is at 0.90.

The selling wave in the general markets continues. It is very important to position yourself with awareness of the risks.

Written by XBTManager