glassnode: Bitcoin short-term holders are in a state of loss and may face resistance in the range of $113,600 to $115,600.

On August 28, glassnode posted on social media that "the current trading price of Bitcoin is below the cost price of 1-month holders and 3-month holders (which are $113,600 and $115,600 respectively). As short-term holders are in a loss position, the rebound may face resistance, and these investors might choose to sell and exit at the breakeven point."

BTC0.25%
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