Bitcoin Short-Term Holder Profit Rate Drops to 70%, Indicating Potential Buying Opportunity

Recent analytics from Glassnode indicate a significant shift in the profit rate of Bitcoin short-term holders (STHs), defined as entities holding Bitcoin for less than 155 days. As of October 26, 2026, approximately 70% of these holders are in profit, down from nearly 100% in late September. This decrease may signal a more favorable environment for new buyers looking to enter the market.

During this period, Bitcoin's trading price fluctuated between $80,000 and $82,000, with realized gains diminishing relative to losses. This trend suggests that fewer coins are being exchanged at a profit, as the broader supply in profit remained around 68% to 70%.

Glassnode's analysis highlights that when the profit rate for short-term holders is near 100%, the market can become overstretched, leading to increased selling pressure. The current drop to 70% indicates that many short-term holders have already taken their profits, potentially stabilizing the market for new entrants.

Moreover, the firm noted that the profit-taking flows for STHs have returned to their yearly averages, following spikes earlier in October. If the profit rate stabilizes around current levels and exchange inflows remain consistent, it could further support a healthier market base for Bitcoin.