Glassnode
About 70% of Bitcoin short-term holder supply is now in profit, down from a point in late September when almost all recent buyers were profitable. The shift indicates that recent $BTC buyers have moved out of the strongest sell zone.
Why it matters
For buyers who expect Bitcoin's uptrend to continue, the change improves the entry setup compared with a month ago. Lower profit concentration among short-term holders can reduce the immediate incentive to sell into strength.
Market impact
The key level to watch is whether short-term holder profitability stabilizes near current levels or continues to fall. A further decline would show that the market is absorbing more recent supply, while a sharp rebound could bring renewed selling pressure from profitable buyers.
Frequently asked questions
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What share of Bitcoin short-term holder supply is currently in profit?
About 70% of Bitcoin short-term holder supply is currently in profit.
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How has short-term holder profitability changed since late September?
In late September, almost all short-term holder supply was in profit. That share has since cooled to about 70%.
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Why is the current setup considered better for Bitcoin buyers?
Recent Bitcoin buyers have moved out of the strongest sell zone, reducing the immediate profit-taking pressure compared with a month ago.
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What could indicate that Bitcoin selling pressure is easing?
A stabilization in short-term holder profitability near current levels would indicate that immediate selling pressure is easing.
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What would signal renewed selling pressure from recent buyers?
A sharp rebound in short-term holder profitability could bring renewed selling pressure as more recent buyers return to profit.
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