Analyst: fear of missing out sentiment is fully erupting, 80% BTC short-term holders return to the profit zone

According to the data from the BTCon-chain analysis program Checkonchain, 80% of short-term holders (STH) have returned to profitability after BTC rebounded above $100,000. Earlier this month, the percentage of losses from STH supply dropped to 65% before the BTC rebound. In addition, CryptoQuant analyst Darkfost stated that the short-term holder’s spent output profit ratio (STH-SOPR) is turning negative, implying that STH is starting to sell its BTC at a loss. Despite the increase in STH’s profitability in the past week, there has been some panic selling among holders. However, he added, “When this indicator turns negative, it usually highlights attractive long-term entry points.” (Cointelegraph)