Altcoinist
Image default
Crypto News

Bitcoin Price Rebound Shows Short-Term Holders Taking Profit

crypto-btc

The post Bitcoin Price Rebound Shows Short-Term Holders Taking Profit appeared first on Coinpedia Fintech News

Bitcoin price has bounced sharply from the September 15 low, but on-chain data suggests long-term holders aren’t driving the profit-taking. BTC climbed from $74,965 to $81,502, marking a 9.15% recovery, while the SOPR data points mainly toward short-term holders realizing gains. Bitcoin Price Rebound Brings Short-Term Profit-Taking The SOPR Ratio, which compares LTH-SOPR with STH-SOPR, …

Related posts

Standard Chartered Sees Chainlink LINK at $200 by 2030

Antonio M. Foster

Most Bitcoin Treasury Companies Won’t Survive, Warns BSTR’s Sean Bill

Antonio M. Foster

MakerDAO’s Black Thursday: How One Bot Got $8.32M in ETH for Free

Antonio M. Foster