BTC short-term holder profit ratio nears 80%, analyst warns on buying local tops

Crypto analyst Frank said Bitcoin’s short-term holder profit ratio recently moved past the 80% threshold, indicating investors should be cautious about buying near short-term peaks. In a post on X, Frank reproduced the English phrase "The short-term holder profit ratio can be used not only to identify dip-buying opportunities, but also to avoid buying at local tops." According to a Checkonchain chart Frank shared, BTC reached local highs in late 2024 and early 2025 when the short-term holder profit ratio climbed above 95%. The chart also showed the ratio surged above 95% several times after mid-2025, with BTC forming a major peak around October that year. More recently, the ratio briefly rose above 95% before falling back to just below 80%.