50% reduction in profit of The short-term holders:

50-reduction-in-profit-of-The-short-term-holders

According to the two mentioned metrics that track unrealized Profit/losses and realized Profit/losses in the Bitcoin network:
From the $44,000 level until today, the decline in Bitcoin has destroyed over 50% of the profits held by short-term holders, with many holders of Bitcoin in less than one month currently exiting the market at a loss.

Usually, such significant reductions in the average profits of short-term holders, given their sensitivity to short-term market conditions, provide a strong rationale for selling pressure or Exit liquidity.
For an Overview, a drastic price correction is not unexpected in such circumstances.
Considering this bearish sentiment in the Bitcoin market, the crucial price level ahead, which could act as a support level for Bitcoin, is settled in the range of $38,000 to $36,000.