Bitcoin short-term holder profit drops to 70%, which Glassnode says may favor buyers

A month ago, almost every recent Bitcoin buyer was sitting on a gain. Now about 70% of them are. That drop in the short-term holder profit rate is the kind of shift Glassnode says may offer a better entry point for buyers betting on an uptrend. What Glassnode is seeing Glassnode reported the shift on October 26, 2026. The on-chain analytics firm tracks short-term holders, or STHs, defined as entities that have held Bitcoin for less than 155 days. According to Glassnode, the share of STH supply sitting in profit fell to roughly 70%. In late September, that figure was close to 100%. Glassnode’s data indicates recent buyers have moved out of what can be described as a strong sell zone. Translated out of analyst-speak: the people most tempted to take quick profits have fewer profits to take. The firm also observed that STH profit-taking flows settled back toward their yearly averages in mid-to-late October. That followed earlier spikes in the month, which included some of the highest exchange inflows of the year. The price backdrop During the reporting period, Bitcoin traded between $80,000 and $82,000. Realized gains were reduced relative to realized losses, a sign that fewer coins we...