Bitcoin Trades Above $90,000 as Short-Term Holders Realize Historic Losses

Bitcoin has reclaimed the $90,000 level after a brief decline to $80,000, but on-chain data shows short-term holders are exiting positions at steep losses. The short-term realized profit/loss ratio has dropped to 0.07x, meaning recent buyers are selling at significant losses, according to Glassnode. Analysts view $81,000 as a critical support level that must hold to prevent further declines.