Bitcoin Short-Term Holder Realized Price and Profit/Loss Margin. The chart shows that the price of Bitcoin has been steadily increasing over the past few months, while the Short-Term Holder Realized Price has been decreasing. This suggests that short-term holders are selling their Bitcoin at a loss.
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The Profit/Loss Margin is a measure of how much profit or loss short-term holders are making on their Bitcoin investments. The Profit/Loss Margin is calculated by subtracting the Short-Term Holder Realized Price from the current price of Bitcoin and then dividing by the current price of Bitcoin. A positive Profit/Loss Margin indicates that short-term holders are selling their Bitcoin at a profit, while a negative Profit/Loss Margin indicates that they are selling at a loss.
The chart shows that the Profit/Loss Margin has been negative for most of the past few months. This suggests that short-term holders have been selling their Bitcoin at a loss. The Profit/Loss Margin-SMA (30) is a simple moving average of the Profit/Loss Margin over the past 30 days. The Profit/Loss Margin-SMA (30) is currently at 39.38%, which is still negative. This suggests that short-term holders are still selling their Bitcoin at a loss on average.
There are a few possible reasons why short-term holders might be selling their Bitcoin at a loss. One possibility is that they are panicking and selling their Bitcoin in response to a recent drop in the price. Another possibility is that they are taking profits off the table after a period of strong price gains. It is also possible that short-term holders are simply selling their Bitcoin to buy other assets.
⚡ DATA - CryptoQuant
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