BEARISH 📉 : Bitcoin short-term holders realize $0.48B daily net losses

Recent on-chain data reveals that Bitcoin short-term holders (STHs) are experiencing significant losses, realizing net losses of $0.48 billion daily.

Key Points

  • Bitcoin STH Net Realized Profit/Loss has turned negative, indicating more losses than gains for short-term investors.
  • This metric measures profits or losses realized by investors through selling within the last 155 days.
  • The metric plunged into deep negative territory after a price downturn post-October high.
  • On February 6th, the loss peaked at -$1.24 billion per day, recovering slightly to -$0.48 billion per day.
  • The market signals pressure, with STHs continuing to capitulate during volatility.

Bitcoin STH Net Realized Profit/Loss

Additionally, the Bitcoin Coinbase Premium Gap is negative, showing higher selling pressure on Coinbase compared to Binance. This suggests low demand for BTC among US-based and institutional investors.

Bitcoin Coinbase Premium

BTC Price

Bitcoin's price continues to decline, currently trading around $64,000.

Bitcoin Price Chart