An interesting dynamic in the Bitcoin market: short-term holders, who hold coins for less than 155 days, are influencing demand and market sentiment. After rising to $108,000, their profitability has significantly decreased.
This decrease in profitability indicates weak demand and bearish sentiment in the short term. The probability of price corrections increases due to the decrease in demand.
Despite the possible long-term growth, short-term fluctuations are inevitable. It is recommended to reduce risks and make financial decisions carefully during this unstable period.