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Idling at Support
Published Source: Glassnode InsightsRead original
Crypto Insight Summary: Bitcoin has pulled back about 10% from its September high into the levels it broke above in August. Short-term holders have gone from nearly all in profit to mostly at a loss, while spot volume holds above its pre-pump level and the market has absorbed the largest hack in crypto history. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: A 10% pullback and losses among short-term holders pressure sentiment, though volume remains above pre-pump levels.