Bitcoin: LTHs and STHs may want to know this about their BTC holdings

the short term holder spent output profit range . As of 3 August, the STH-SOPR fluctuated around 1, which was an indication that short-term traders would be selling at a slight profit.As per the TradingView chart, BTC was the in the green at the time of writing. However, BTC’s indicators didn’t exactly scream bullish. The Moving Average Convergence Divergence displayed a bearish crossover with the signal line above the MACD line below the zero line.

This indicated that the bears had a tight hold over the king of cryptocurrencies at the time of writing. Furthermore, the Relative Strength Index , at 45.92, also suggested that the price favored the bears at press time. A further drop in the RSI would be an indication of intense selling pressure around the cryptocurrency.However, BTC’s rising Money Flow Index was an indication of flowing liquidity in the cryptocurrency.

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