Bitcoin Short-Term Holder Profit Metric Stays Below 50%, Glassnode Says Breakout Needed for Sustained Recovery

On-chain data show Bitcoin short-term holder Supply in Profit has remained below 50%, and Glassnode said a flip above that threshold is a precondition for any sustained price recovery. The metric tracks the share of BTC held at an unrealized gain by addresses that acquired coins within the last 155 days, a cohort under stress since a bearish shift in Q4 2025 pushed many holdings underwater. Historical rebounds above 50% have aligned with price recoveries, including a rally in H1 2025 that drove Bitcoin to new all-time highs, Glassnode noted. Bitcoin is currently attempting to retest the $72,000 area after gaining 3% over the past 24 hours.