Bitcoin Short-Term Holders Show Profit Potential Amid Resistance at $116,900 and ETF Outflows


  • 70% of Bitcoin short-term holders are in profit, indicating market stability.

  • Spent volume from profitable holders has cooled to 45%, suggesting neutral positioning.

  • Bitcoin must break above $116,900 to confirm strength, or risk a decline towards $110,000.

Glassnode’s report reveals that 70% of Bitcoin short-term holders are in profit, highlighting market stability amid resistance at $116,900. Read more for insights.

Metric Value Comparison
Percentage of Profitable Holders 70% Stable Market
Spent Volume from Profitable Holders 45% Neutral Positioning
Resistance Level $116,900 Potential Downside Risk

What is the Current Status of Bitcoin’s Short-Term Holders?

Currently, 70% of Bitcoin’s short-term holders are in profit, according to Glassnode. This indicates a stable market environment despite recent price fluctuations.

How Does Short-Term Holder Profitability Affect Bitcoin’s Market?

The analytics firm Glassnode reports that the spent volume from profitable short-term holders has dropped to 45%, indicating a neutral market stance. This suggests that while some profit-taking is occurring, there is no strong conviction in either direction from short-term investors.


Frequently Asked Questions

What is the significance of Bitcoin’s resistance level at $116,900?

The $116,900 resistance level is crucial for Bitcoin. Breaking above this level could indicate renewed buying strength, while failure to do so may lead to a decline towards $110,000.

How do ETF outflows impact Bitcoin’s price?

Recent Bitcoin ETF outflows have added mild sell-side pressure. While this can weigh on prices, most outflows have been brief, limiting prolonged downward pressure.

Key Takeaways

  • 70% of Bitcoin short-term holders are profitable: This reflects market stability.
  • Spent volume from profitable holders is at 45%: Indicates neutral market positioning.
  • Key resistance at $116,900: Breaking this level is essential for bullish momentum.

Conclusion

In summary, the current landscape for Bitcoin shows that a significant portion of short-term holders are in profit, which contributes to market stability. However, the asset faces critical resistance at $116,900, and monitoring ETF outflows will be essential for understanding future price movements.


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Spent volume by Bitcoin short-term holders in profit has dropped to 45%, now below the neutral line.

This suggests a more balanced market. Some profit-taking, but no strong conviction in either direction from short-term investors. pic.twitter.com/eLugMl9hfw

— Satoshi Club (@esatoshiclub) August 8, 2025

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