According to Onchain Analytics platform Glassnode, Bitcoin short-term holders have reduced their sales activity as the price of bitcoin continues to rise gradually climbing its local $ 112,000.
Bitcoin short-term holders (STH) took advantage of -155 days caught-“Cool off,” Glasode Said In a market report on Wednesday. The analytics firm reported that Bitcoin (BTC) STH spent volume, which measures the ratio of recent buyers in the benefits selling its bitcoin, has fallen to 45%below the neutral level.
Market in “relatively balanced position”
Glasanod said that statistics suggest that the market is “in a relatively balanced position, with 70% STH supply is still in profit, and coins have almost division of profit and loss that are on this step.”
“This is a level that aligns along the middle line of the former bull steps, and again does not have an etipical position,” it said.
The behavior of bitcoin STHS is closely seen by the market participants, as history suggests that they are more prone to selling during the period of market instability.
It fell to $ 112,044 in the weekend of bitcoin, a few weeks after reaching the new all-time high of $ 123,100 on 14 July, reached $ 123,100 on 14 July, According To Nansen. At the time of publication, Bitcoin is trading at $ 114,766.
Onchain Analytics Platform Checkonchen Said In an X post on Wednesday that Bitcoin STH showed the output profit ratio (SOPR) that recent buyers who have been purchased near all-time high in losses are being sold more in profit than those recent buyers.
Checkonchen said, “Many recent top buyers and ‘weak’ hands are selling around the price of their shopping and saying ‘take me out,” said Czechnchen.
Bitcoin outlook positive for the remainder of 2025
“What we want to see from here is a small, sharp dip in the red area, which returns to a healthy green number. It confirms that the bull is still in the game,” said Checkonchen.
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Despite the recent value pullbacks, many crypto analysts remain optimistic about the performance of bitcoin for the rest of the 2025.
Tom Lee, co-founder of Fundstrats and president of Bitmine, said Bitcoin could reach $ 250,000 in 2025, despite other crypto analysts carefully pulled back the goals.
“I think bitcoins should actually construct this 120 before the end of the year; 200,000, perhaps, 250,” Lee told Natalie Brunel on the Coin Stories Podcast on Tuesday.
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