Bitcoin short-term traders face mounting losses

The recent decline in the price of Bitcoin (BTC) has left

In the world of cryptocurrency, there is a term known as "STH," referring to those who hold tokens for short durations, typically less than 155 days. As of September 17th, a startling 97.5% of short-term Bitcoin traders find themselves in the red. Glassnode, an analytical company, notes that

Week On-Chain, another analytics firm, predicts that anxiety and negative sentiment are likely to persist in the coming weeks. According to Alternative's data on September 12th, market sentiment dropped to an extreme low of 30 points before rebounding to a neutral zone at 47, only to then plunge back into fear territory at 44 points on September 24th. These findings reflect a general caution among Bitcoin investors, with many anticipating further price declines in the near future. However, there remains a significant divide within the market, as some optimists believe that Bitcoin's fortunes may turn around in early Q4 2023.

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short-term traders

nhà giao dịch ngắn hạn

a prevailing sense of panic in the cryptocurrency market

dẫn đến cảm giác hoảng loạn phổ biến trên thị trường tiền điện tử

a litmus test

một phép thử

sudden shifts in sentiment

sự thay đổi đột ngột trong tâm lý