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Bitcoin Plunges To $60,000 As Short-Term Holders Harvest Massive Profits

Bitcoinist LogoBitcoinist12h ago

Bitcoin Plunges To $60,000 As Short-Term Holders Harvest Massive Profits - Bitcoinist

Quick Summary:

On-chain data shows the Bitcoin short-term holders have recently moved over 14 times as much profit volume as the loss one.

Bitcoin Has Plunged As Short-Term Holders Have Been Realizing Gains According to the latest weekly report from Glassnode, the short-term holders have started taking profits again recently.

This means that these investors had been scared into selling at a loss by the price plunge.

More Pictures

Bitcoin Plunges To $60,000 As Short-Term Holders Harvest Massive Profits - Bitcoinist (Picture 1)Bitcoin Plunges To $60,000 As Short-Term Holders Harvest Massive Profits - Bitcoinist (Picture 2)

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Article Details

Author / Journalist: Keshav Verma

Category: Crypto

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-04 @ 09:00:35 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: bitcoinist.com

Language: English

Article Length: 471 words

Reading Time: 3 minutes read

Sentences: 33 lines

Sentence Length: 15 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bitcoinist

News ID: 22878446

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About Bitcoinist

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Main Topics: Crypto

Official Website: bitcoinist.com

Update Frequency: 14 posts per day

Year Established: 2014

Headquarters: Hungary

News Last Updated: 9 hours ago

Coverage Areas: Hungary

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #105

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The story "Bitcoin Plunges To $60,000 As Short-Term Holders Harvest Massive Profits" was covered 12 hours ago by Bitcoinist, a news publisher based in Hungary.

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The outlet is headquartered in Hungary and publishes an average of 14 news stories per day.

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  • URL: https://beamstart.com/news/bitcoin-plunges-to-60000-as-17280343529420

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