What does Onchain Data Show about Bitcoin?

Nearly 90% of Bitcoin Short-Term Holders Are Underwater

Nearly 90% of Bitcoin Short-Term Holders Are Underwater

Onchain data reveals that Bitcoin's short-term holders are facing losses on their coin holdings following a recent price drop. 

Bitcoin value fell over 10% to $26,200 last week

Out of the 2.56 million BTC held by STHs, only 300,000 BTC (11.7%) is still in profit