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Bitcoin loses another $1,000 as short-term holders keep getting rid of their BTC, a report says
Recent data provided by Glassnode shows that Bitcoin short-term holders have been dumping their BTC at a loss over the past two weeks.
The STH-SOPR indicator on a Glassnode chart has dropped below one. This metric deals with spent outputs that are younger than 155 days, so this is a valid indicator to analyze patterns in short-term investors' actions.
The flagship cryptocurrency, Bitcoin, has been declining since May 10, when it went south from the $58,770 zone. On May 21, BTC failed another attempt to fix above $40,000 and went under this psychological level of support.On May 23, it reached a low of $32,830 and, at press time, it is changing hands at $36,184, as per data provided by CoinMarketCap.
As the short-term holder sell-off continues, Bitcoin lost around $1,000 earlier today, dropping from the $37,415 level.
Source : u.today
| Coin | Change(%) | Price | Volume (24h) |
|---|---|---|---|
| Ethereum Meta (ETHM) | 4.54 | $0.000955 | $800.1B |
| Bitcoin (BTC) | 4.48 | $95,472.08 | $29.8B |
| Ethereum (ETH) | 7.18 | $3,328.31 | $13.7B |
| USD Coin (USDC) | 0 | $0.999694 | $6.1B |
| Solana (SOL) | 4.01 | $144.706233 | $3.8B |
| XRP (XRP) | 4.94 | $2.158578 | $2.9B |
| Litecoin (LTC) | 2.94 | $78.17 | $1.7B |
| Binance Coin (BNB) | 4.57 | $946.61 | $1.5B |
| Dogecoin (DOGE) | 8.28 | $0.148162 | $1.4B |
| Dash (DASH) | 41.56 | $56.91 | $1.1B |
