glassnode: Bitcoin Short-Term Holders in Loss, Could Face Resistance in the $113.6k to $115.6k Range

BlockBeats News, August 28th, glassnode posted on social media, stating, "Bitcoin's current transaction price is lower than the cost price of 1-month and 3-month holders (which are $113,600 and $115,600 respectively). Due to short-term holders being at a loss, a rebound rally may face resistance as these investors may choose to sell and exit at breakeven."