Bitcoin STH Profit-Taking Ramps Up As Price Breaks $74,000

On-chain data shows the Bitcoin short-term holders have responded to the latest price rally by participating in profit realization. Bitcoin Short-Term Holders Have Shown A Realized Profit Spike In a new post on X, on-chain analytics firm Glassnode has talked about the latest trend in the Realized Profit for the Bitcoin short-term holders. The Realized Profit here refers to an indicator that measures, as its name suggests, the total amount of profit being harvested by BTC investors through their transactions. The metric works by going through the transfer history of each coin being moved on the network to see what price it was transacted at prior to this. If the previous selling price was less than the latest spot price for any token, then that particular coin’s current transaction is leading to the realization of some net gain. Related Reading: Cardano Chop Nearing End? Here’s The Key Resistance To Watch The exact degree of profit involved in the move is naturally equal to the di