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Glassnode Glassnode @glassnode · 44.1K subscribers
Post #864 14.4K
Assessing the Bitcoin Short-Term Holders, we can see that their Profit / Loss ratio remains well within a profit dominated regime, with profit taking outsizing losses by 50x.

Regular retests of the equilibrium level of 1.0 suggests that profits are being absorbed, and investors are generally defending their cost basis during corrections.

Discover more in the latest Week On-Chain below 👇
https://glassno.de/3VLKLOH
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