The Bitcoin market has continued to face downward pressure over the past few months, despite the fact that the average Bitcoin investor is still in profit. However, short-term holders remain significantly underwater on their investments, posing a potential risk to the market in the near term. The #Bitcoin market continues to experience downwards pressure over recent months, despite the average Bitcoin investor remaining profitable overall. However, the Short-Term Holder cohort remains heavily underwater on their holdings, making them a source of risk for the… pic.twitter.com/nlE0K2WgPk — glassnode (@glassnode) September 4, 2024 Looking at the Bitcoin 2-month chart, the TD Sequential
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