๐ Bitcoin's rollercoaster ride is back, but this time with a twist! While volatility is the name of the game, the current cycle is surprisingly calm compared to past ones. ๐ข
๐ Recent data from Glassnode reveals that short-term holders have offloaded a record $7.8 billion worth of BTC at a loss, hinting at a potential local bottom. With BTC just 7% shy of its all-time high, only recent buyers are feeling the pinch.
๐ก What do you think? Is this a buying opportunity or a sign to hold tight? Share your thoughts in the comments! #Bitcoin #CryptoAnalysis