Short-term holders take profits and stall Bitcoin rally above $74,000

Bitcoin STH profits jump to $18.4M/h; rally stalls near $75k

Bitcoin tapped $75,000. Short-term holders sold into strength. Glassnode tracked realized gains at $18.4M per hour.

Glassnode flagged a spike in Short-Term Holder (STH) Realized Profit as the move unfolded. The firm’s chart shows the 12-hour average hitting $18.4M per hour alongside the push higher on X.

“STHs continue to exhaust each rally at the +$70k level, absorbing momentum before any breakout can develop,” wrote Glassnode in the same post.

Realized Profit measures gains locked in when coins move above their last on-chain cost basis. Methodology details here via NewsBTC.

STHs are coins aged ≤155 days, the cohort most sensitive to volatility. Context on this segment via NewsBTC.

Sentiment ticked up. The Crypto Fear & Greed Index rebounded to 28, back to “fear” after a long stretch in “extreme fear” source.

Key prints:
- STH Realized Profit 12h MA at $18.4M per hour Glassnode
- Fear & Greed Index at 28, still bearish NewsBTC
- Price pulled back to $74,300 after breaking above $75,000 (article data)