Bitcoin short-term holders need liquidity reset as 22% of BTC supply sits in loss
Bitcoin’s next uptrend hinges on fresh liquidity, with Glassnode saying BTC’s profit/loss ratio must rise well above 5 as 22% of supply sits in loss and selling risk lingers.
On-chain analytics firm Glassnode has identified key metrics that will determine the next phase of Bitcoin (
$BTC ) price growth, according to a recent analysis published by the company.
Bitcoin has experienced a downward trend, with price increases proving unsustainable due to insufficient buying liquidity, according to market data. After B