news 
Bitcoin Short-Term Holders Make a Notable Comeback as Supply Sees a Sharp Surge
A recent analysis by expert Axel Alder suggests that short-term Bitcoin (BTC) holders are unlikely to sell their coins in the near future. This conclusion comes after it was found that a significant portion of BTC is currently held at an unrealized loss of over $17 billion.
Around 200,000 BTC is presently being held at such losses, which has led to speculation about potential selling pressure from these investors. However, Alder’s findings indicate that short-term holders are not in a hurry to sell their Bitcoin holdings.
According to the BTC Short-Term Holders SOPR Indicator, there is a possibility that these investors might sell their coins. The metric has risen above 1, which suggests that 155-day holders are likely to sell their BTC at a profit. While this increase may generate some selling pressure, Alder believes that there will not be many sellers.
At the time of writing, BTC was trading at $87,580, having experienced a nearly 1% increase in the last 24 hours. Despite this renewed bullish momentum, investors appear to be losing confidence in Bitcoin’s upward trajectory as its trading volume has declined by almost 13% over the past day.
Source: https://bitcoinist.com/bitcoin-sths-supply-surpes/
