Gate News message, April 24 — Bitcoin short-term holders (STH) are showing signs of recovery as their discount narrowed from -21.6% to -5.7%, according to on-chain analyst Axel Adler Jr. The STH-SOPR (Spent Output Profit Ratio) 7-day moving average has climbed back above 1.0, indicating that short-term sellers are no longer in significant losses.
However, the current price remains below the $83,000 cost basis, suggesting the market has not yet entered a true risk-on phase. While the improving metrics signal reduced selling pressure from short-term holders, broader market sentiment remains cautious.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
American Bitcoin Corp Increases Holdings by 300 BTC to 7,300, Ranks 16th
According to ChainCatcher, American Bitcoin Corp increased holdings by 300 BTC to 7,300 total, according to Bitcoin Treasuries.NET monitoring. The Trump family-backed mining company now ranks 16th on the Bitcoin holdings
GateNews5m ago
U.S. Bitcoin Reserve Update Coming in Next Few Weeks, White House Adviser Says
White House digital-assets adviser Patrick Witt announced that a U.S. Bitcoin Reserve update is coming in the next few weeks. Witt cited a recent exploit involving assets held by the U.S. Marshals as evidence that federal crypto holdings require enhanced safeguarding
GateNews49m ago
Grant Cardone Adds More BTC to Treasury, Says Bitcoin-Real Estate Strategy Could Outperform REITs
Real estate mogul Grant Cardone recently said a hybrid bitcoin-real estate strategy could outperform traditional REITs and added more Bitcoin to his treasury. According to Cardone, the model brings new users into crypto while challenging conventional real estate
GateNews1h ago
New York Bank expands its “digital assets” business to the UAE, offering BTC and ETH custody services
According to an official press release issued by Bank of New York (BNY) on May 7, the global largest custodian bank, which manages about $59 trillion in assets, announced that it will partner with local partners Finstreet and the ADI Foundation to set up a regulated digital asset infrastructure at the Abu Dhabi Global Market (ADGM), initially focusing on institutional custody services for Bitcoin (BTC) and Ethereum (ETH).
MarketWhisper1h ago
Bitcoin Rises to Near $83,000 Before Pullback on May 7; Funding Rates Signal Bearish Sentiment
According to Coinglass data, Bitcoin rose to near $83,000 early on May 7 before pulling back. Funding rates across major CEX and DEX platforms indicate the market remains bearish, with rates below typical equilibrium levels suggesting traders are positioned for further
GateNews2h ago
Bitcoin Rises From $63,000 to Over $80,000 in Three Months, On-Chain and Derivatives Data Point to $85,000
According to CoinDesk, Bitcoin has climbed from approximately $63,000 to over $80,000 in the past three months, with on-chain metrics, futures, and options signals converging on a $85,000 target. On-chain data shows BTC has broken above key resistance levels including the "realized price mean" of $7
GateNews3h ago
