Panic strikes short-term bitcoin holders

September 22, 2023

Dear Reader,

Short-term bitcoin holders are panicking.

Nearly all of their tokens have dipped into the red.

Analytics firm Glassnode confirms 97.5% unrealized losses among Bitcoin's short-term holders.

What's going on?

The past three months have been rough indeed.

With short-term gains nearly non-existent.

Bitcoin's price action has slid sideways and fallen hard.

From as high as 31.4k to below 25k.

Glassnode explains that this situation is causing a degree of panic dominating short-term investors.

As a result, "negative sentiment has taken hold in the near term."

Many bitcoin experts also predict even lower prices.

Further spooking investors and driving confidence into the ground.

The Cointelegraph Markets Pro seasonal indicator recommends where investors ought to put their money now.

It just might be the safest place for the time being.

The indicator points to which asset has historically outperformed other asset classes in similar market conditions.

You might be surprised.

Regards,

Max K.
Markets Pro Team