Bitcoin short-term holders remain profitable for a month

Bitcoin short-term holders have maintained profitability for approximately one month, indicating a pattern observed at the end of previous bear markets. Unrealized profits on BTC held by short-term holders are estimated at 168 billion dollars, while unrealized losses exceed 100 billion dollars. In January, short-term holders briefly returned to profit but could not sustain those gains for more than a week, and in May, more supply remained underwater. During the 2022-2023 bear market, the market trend reversed after short-term holders enjoyed a prolonged period of profitability. If BTC stabilizes above 80000 dollars, this pattern may serve as a crucial indicator for determining whether the bear market has concluded.

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