Bitcoin short-term holders back in profit as exchange inflows spike
AI Market Summary
BTC's short-term holder profitable supply jumped to ~74.9%, while exchange-flow net profit/loss turned positive at +28,600 BTC, signaling rising realized gains potential. This combination typically increases the sensitivity of near-term supply to momentum shifts: sustained elevated profitable inflows alongside slowing upside can raise the risk of clustered selling, whereas normalization toward zero would imply easing distribution pressure.
Impact level
● Medium
Affected assets
BTC/USDT+0.93%
AI Insight · BTC/USDTAI Insight
● Neutral
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Odaily Planet Daily reports that CryptoQuant analyst Axel Adler Jr. said Bitcoin's rally from about $63,000 to $77,000 over the past eight days has pushed short-term holders back into the green. The share of profitable supply held by BTC short-term holders (STH) rose to 74.9% as of Aug. 17 from 26.1% on Aug. 17.
At the same time, the net profit/loss metric for short-term holder coins moving to exchanges has flipped positive, reaching +28,600 BTC as of Aug. 24 and clearing the +25,000 BTC threshold. Adler said that if the indicator stays consistently above +25,000 BTC as BTC's upside momentum begins to fade, the risk of concentrated selling by short-term holders would increase. If the metric retreats toward zero while prices hold steady, it would point to easing potential sell pressure.
