Glassnode: BTC Short-Term Holder Profit Share Falls to 38%, $87K Short Liquidations Build

Cointime reports: Bitcoin’s share of short-term holder supply in profit has dropped to about 38% from 97.5% in early October, Glassnode said, as a roughly 10% pullback from September highs washed out speculative gains and flushed excess long leverage. The on-chain data firm said the largest short liquidation cluster now sits near $87,000, while spot price is retesting the August breakout zone around the $77,700 True Market Mean and $75,700 short-term holder cost basis.