A Glassnod report revealed how to take advantage of Bitcoin holders in the short term noted a significant increase in the last month.
Bitcoin’s short -term holder realized that the profit recently achieved
In its latest weekly report, the Glassnode chain analysis firm explained what the fucrative madness of Bitcoin holders in the short term.
“Short -term holders” (STHS) refer to BTC investors who have bought their parts in the last 155 days. This part of the market is considered to include inconsistent hands, which easily react to cryptocurrency events.
Given this, it is natural that the recent rally, which has now brought the asset to a whole new record of all time (ATH), would also have induced a reaction from this group.
An indicator that can be useful for assessing the reaction of sales linked to the gatherings of this group is the “profit achieved”. This metric measures the total amount of the benefit that the STHs “make” through their transactions.
The indicator operates through the transfer history of each part sold by the members of the cohort to see at what price they initially received it. If this cost base is lower than the accounting price in which they sell now, the sale of the part is considered to be led to the realization of a net profit.
This benefit is naturally equal to the difference between the two prices. The benefit carried out calculates this value for all profit transactions in order to find the total of the STHS as a whole.
Now here is the graph shared by the analytical company in the report which shows the tendency of Bitcoin STH produced in recent months:
Looks like the value of the metric has been quite high in recent weeks | Source: Glassnode's The Week Onchain - Week 20, 2025
As it is visible in the graph above, Bitcoin STH realized that the profit remained at high levels during the last month, indicating that the members of this cohort were predictable to profits.
Until now, the realization of the benefits of the STHS has experienced a peak of $ 747 million per day, which is quite substantial. In total, this cohort raised around $ 11.6 billion in earnings since the start of the sale.
“As a comparison, during the previous 30D period, only 1.2 billion profits was made, which underlines how the rebound in the feeling of new investors and the expense behavior of new investors have been drastic,” notes Glassnode.
Although this for -profit wave has been important in its own, it has always been lower than the summits observed at the end of 2024. It now remains to be seen if Bitcoin STH has realized that the profit would develop more in the coming days and if this is the case, if the input demand will be able to absorb the sale pressure.
BTC price
With the last continuation of the bullish momentum, Bitcoin managed to set a new ATH around $ 109,400.
The asset appears to have seen some pullback since achieving the new record | Source: BTCUSDT on TradingView
Dall-E star image, Glassnode.com, tradingView.com graphic
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