Data: Short-term Bitcoin holders are incurring losses, and the market may be entering a reset phase

ChainCatcher reported that Glassnode released data on social media indicating that the bitcoin short-term holder NUPL (Net Unrealized Profit/Loss Ratio) indicator has entered the loss zone, suggesting that investors who bought recently are under pressure. According to historical data, capitulation events among short-term holders often signal that the market is entering a reset phase, which typically lays the foundation for a new round of asset accumulation.