Short-term Bitcoin (BTC) investor sentiment is signaling a positive shift, according to on-chain analytics platform Glassnode.

According to the latest data published by Glassnode, short-term Bitcoin investors are making a profit.

It was emphasized that the profit/loss ratio of short-term investors is currently at 1.2. It was reported that this metric rising 1 standard deviation above its 90-day average indicates a potentially positive change in investor sentiment.

In the accompanying chart, it was observed that the profit rates of short-term investors fluctuated in parallel with the general market movements. However, it was noted that the recovery in the Bitcoin price in the recent period increased the profits of this investor group.

This was interpreted as a sign of growing confidence among market participants.

While investors are carefully watching whether this positive signal will continue, it was noted that the upward movement in the Bitcoin price strengthened the positions of short-term investors.

It was said that this indicator could play an important role in determining the future direction of the market.