Data: After Bitcoin broke through $67,000, over 75% of short-term holders have realized profits

ChainCatcher news, according to Cointelegraph, Glassnode's report on July 24 shows that over 75% of short-term Bitcoin holders have realized profits due to Bitcoin's recent rebound. The report indicates that this rebound has surpassed the cost basis of short-term holders, allowing 75% of the assets in their holdings to return to an unrealized profit level.

Despite the rebound in Bitcoin's price, it faces significant resistance at the $68,000 level, which is expected to trigger over $700 million in short liquidations. Well-known cryptocurrency analyst Rekt Capital pointed out that Bitcoin needs to maintain stability at the current support level of $65,000 to sustain its upward momentum. If the price can break through $68,500, short liquidations could exceed $1 billion.