Monitoring unrealized profit and loss is a cornerstone of market analysis. While realized profit and loss offer a snapshot of the market’s past behavior, unrealized profit, and loss provide a window into the market’s potential trajectory. This distinction becomes even more pronounced when we zero in on short-term holders.
Short-term holders, defined as entities holding Bitcoin (BTC) for less than 155 days, play a pivotal role in shaping the market dynamics. Their behavior, driven by recent market trends and short-term goals, profoundly influences Bitcoin’s price. Conversely, price movements can also sway their decisions, creating a feedback loop that stabilizes or destabilizes the market.
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