Short-Term Investors Are Selling Their Bitcoin (BTC) According to Glassnode Data
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According to a report, Bitcoin lost another $1000 as short-term Bitcoin holders continued to sell their BTC.
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Recent data provided by Glassnode shows that Bitcoin short-term holders have sold their BTC at a loss in the past two weeks. The STH-SOPR indicator on the Glassnode chart has dropped below one. This metric deals with balances spent earlier than 155 days, so this is a valid indicator for analyzing patterns in the actions of short-term traders.
As short-term selling continues, Bitcoin lost $1,000 earlier today and tumbled down from the $37,415 high. But it recovered again.
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Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.
