80% of Bitcoin short-term holders back in profit as analyst says ‘FOMO in full swing’
While Bitcoin short-term holders’ profit increased, panic selling was also evident around $100,000 despite clear technical support above $95,000.
After a 10% price swing on Jan. 20, Bitcoin (BTC) price remains above $100,000 for the sixth consecutive day, with a value of $106,100 at the time of publishing.
Data from Checkonchain, a Bitcoin onchain analysis program, indicated that 80% of short-term holders (STH) were back in the profit bracket after BTC’s recovery above $100,000. Earlier this month, the STH supply in loss dropped to 65% before Bitcoin rebounded.
Bitcoin short-term holder % in profit. Source: X.com
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Author: Biraajmaan Tamuly
