Glassnode: Some short-term bitcoin holders have taken profits, but it has not yet been confirmed that the market has fully shifted to bullish territory
2025-04-24 15:45:37
According to a Glassnode post, ETF inflows surged to $1.54 billion, and Bitcoin rallied above the cost price for short-term holders (STH) at one point. Nearly 5% of supply changed hands, short positions increased, and some short-term holders took profits. This was a key backtest, but strong support above $92,900 remains unconfirmed and the market has fully shifted into bullish territory.
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