Bitcoin short-term holders flip to profit-taking as BTC hits $77K
CryptoQuant data shows Bitcoin short-term holders in profit rose from 26.1% on Aug. 17 to 74.9% by Aug. 24. The shift followed a roughly $14,000 BTC swing from ~$63,000 to ~$77,0…
A week is a long time in Bitcoin.
On August 17, just 26.1% of Bitcoin's short-term holder supply was sitting in profit.
By August 24, that number had nearly tripled to 74.9%, according to CryptoQuant data.
The catalyst: a roughly $14,000 price swing that took BTC from approximately $63,000 to $77,0…