Bitcoin(BTC) went sideways on Aug. 7, with supply and demand in an appropriate balance. It has been analyzed that Bitcoin has sold as much as short-term investors have sold due to its recent decline. Glassnode, an on-chain analysis platform, pointed out in a report published on the 7th that the sale of Bitcoin by short-term holders began to ease when the price of Bitcoin touched $112,000 on the 5th. According to data from Glassnode, about 70% of short-term investors in Bitcoin are making a profit. Altcoins rose as short-term investors’ selling declined and Bitcoin
