After its sharp fall on Aug. 17, Bitcoin remained stuck inside a tight range over the weekend. This suggests indecision between the bulls and the bears about the next directional move.
After the latest fall, about 88% of Bitcoin (BTC) held by short-term holders (STHs), those owning Bitcoin for 155 days or less, has plunged into loss, according to Glassnode’s weekly newsletter, “The Week On-Chain.” Glassnode warns that the STH cohort is “increasingly price sensitive.”
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