glassnode: Most short-term Bitcoin holders are at a loss, and greater volatility is coming

BlockBeats news, on July 3, the encrypted data analysis platform glassnode published an article stating that "as the price of Bitcoin fell to the $60,000 area, many digital asset investors have shown a certain degree of fear and pessimism. When market volatility stagnates and becomes quiet, investors often become indifferent.

The Bitcoin market is now in an interesting position. From the perspective of the MVRV ratio, the profitability of overall investors remains very strong, and the average profit multiple remains at 2 times, while most short-term holders are in a loss.

Many volatility indicators have dropped significantly, indicating that greater volatility is coming."