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- Welcome Kevin_Lee to the Gate Square! 🎉
Looking forward to more great crypto insights from him.
Check out and engage with Kevin_Lee’s latest post!
👉 Post: https://www.gate.com/post/status/11758920
👉 Profile: https://www.gate.com/profile/Kevin%20Lee
Let’s give Kevin_Lee a warm welcome! 👏👏👏
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Glassnode: The profit and loss ratio of short-term Bitcoin holders has risen to neutral levels. If this indicator continues to rise, it will signal an increase in rebound momentum.
BlockBeats news, on April 25, Glassnode stated that the Bitcoin short-term holder profit/loss ratio (STH Profit/Loss Ratio) has rebounded to a neutral level of 1.0, indicating that the number of tokens in profit and loss is roughly equal. Historically, this threshold typically acts as resistance during Bear Markets. If this metric can consistently break above 1.0, it will suggest that market momentum is strengthening and the likelihood of a rebound is increasing.