Recent on-chain data reveals that Bitcoin short-term holders have been moving significantly more profit than losses. Glassnode's latest report highlights the Realized Profit/Loss Ratio, indicating that short-term holders are currently taking profits. When this ratio is above 1, holders are moving coins at a profit, while below 1 suggests selling at a loss dominates. Specifically focusing on holders who acquired Bitcoin in the past 155 days, the report shows a trend of profit-taking surpassing loss-taking by 14 times. This behavior often coincides with price peaks, while capitulation from short-term holders can signal market bottoms. Long-term holders, on the other hand, have seen a recent increase in supply held at a loss, likely due to top buyers in this group. Despite this, the overall unrealized loss remains minimal. Bitcoin's current price sits at around $60,400, reflecting a slight decrease over the past week. Read more AI-generated news on: https://app.chaingpt.org/news

#BTC