Data from Glassnode shows the Bitcoin profit in supply held by short-term holders has been going down for 431 days now.
Bitcoin Short-Term Holder Supply In Profit Has Been In Compression Phase Recently
Према последњем недељном извештају из Глассноде, the STH supply in profit usually goes through three phases each cycle.
"понуда у профиту” is an indicator that measures the total amount of Bitcoin currently being held at some profit on the network.
The metric works by looking at each coin on the chain to see what price it was last moved at. If this price for any coin was less than the BTC value right now, then that particular coin is holding some unrealized profits currently.
Сродно читање: Италијански фудбалски шампиони АЦ Милан открили НФТ партнерство са МонкеиЛеагуе
"краткорочни носилац” (STH) group is a BTC cohort that includes all investors who have been holding onto their coins since less than 155 days ago.
Now, here is a chart that shows the trend in the share of the Bitcoin supply in profit owned by the STHs:
Изгледа да је вредност метрике опала последњих дана | Извор: Глассноде'с Тхе Веек Онцхаин - 39. недеља 2022
As you can see in the above graph, the Bitcoin STH supply in profit has been following the same three phases during the different cycles.
The first phase takes place right after the price of the crypto reaches the cycle tops, where the decline causes the STHs to go into significant losses.
Further plunges in the BTC value that follow cause STH profits to shrink even smaller, until the drawdown slows down and these holders’ cost basis catches up with the actual price. This second phase is the compression period.
Finally, as the STH cost basis nears the market price after this phase, any significant boosts in the price also simultaneously cause large amounts of STH supply to get into profit. In this third phase, the STH supply in profit goes through an expansion along with the coin’s value.
From the chart, it’s apparent that the Bitcoin market is currently in the second phase as the indicator’s value has been experiencing compression.
The STH supply in profit has been stuck in this phase for 431 days now, longer than in any of the previous cycles.
БТЦ цена
У време писања, Битцоин цена креће се око 20.1 хиљада долара, што је пораст од 5% у последњих седам дана. Током прошлог месеца, крипто је изгубио 1% на вредности.
The value of the coin seems to have sharply gone up over the last twenty-four hours | Source: БТЦУСД на ТрадингВиев
Истакнута слика Дмитрија Демидка на Унспласх.цом, графикони са ТрадингВиев.цом, Глассноде.цом
Source: https://bitcoinist.com/glassnode-bitcoin-short-term-holder-profit-431-days/