From 232% to 13%: What Happened to Bitcoin’s Short-Term Gains?

Key Points

1. Bitcoin is trading above $118K, down just over 3% from its recent peak.

2. Short-term holders currently have only 13% in unrealized profits, compared to 232% in 2012 and 150% in 2021.

3. Current cycle gains for short-term holders peaked at 69% and have since dropped sharply.

4. Historically, such market shakeouts have often preceded a tactical pause, possibly influenced by external factors like the US Reserve’s rate decision.

5. August and September are typically weak months for Bitcoin, but the broader outlook remains positive heading into year-end.