Analyst: BTC short-term holder capitulation is largest in history

The realized profit/loss ratio for Bitcoin (BTC) short-term holders (STH) has dropped to a historic low, according to crypto analyst Frank. Citing a chart from checkonchain, Frank said on X that this represents the largest capitulation by short-term holders in Bitcoin's history. The chart indicates that the STH realized profit/loss ratio fell to approximately -1.3 on a logarithmic scale, its lowest level since 2016. At that point, the price of BTC was recorded at $63,000.