FundingVest
Short-term holder gave a buy signal
I think the short-term holder metric has reached a very low level after a long period, creating a buying opportunity. This metric includes those who hold bitcoin between 1 hour and 155 days. A value of 1 indicates a breakeven level, above 1 indicates profitable selling, and below 1 indicates selling at a loss. We know that the metric last reached the 0.95 level in December 2022, which initiated a bull run. During bull trends, the 0.95-0.90 range is usually a good buying level. Currently, the metric is at 0.90. The selling wave in the general markets continues. It is very important to position yourself with awareness of the risks.