The post Short-Term Buyers Are Still Bleeding Cash appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin may be back above $90,000, but a key on-chain indicator suggests that the market’s recovery could be running on thin ice. Key Takeaways  Bitcoin’s rebound above $90K is happening while recent buyers are realizing unusually large losses. Shrinking short-term demand leaves the $81K support level vulnerable to another retest. Glassnode says recovery signals would only strengthen once BTC reclaims the $100K–$105K range.  New data from Glassnode shows that traders who entered the market recently are realizing losses at one of the steepest rates ever recorded. While long-term holders appear unbothered, short-term participants — the cohort that typically fuels momentum in both directions — are deeply underwater. A Market Bounce With Weak Underpinnings The recent rally came only days after Bitcoin briefly slipped to the $80,000 region. Historically, rebounds of this size indicate the return of aggressive dip buyers — but this time, the blockchain tells a different story. Glassnode’s latest report highlights a collapse in the short-term realized profit/loss ratio, a metric used to measure whether recent buyers are selling at a loss or a profit. Right now, the ratio sits at 0.07x, meaning the average short-term seller is exiting at a significant loss. When this ratio stays low for long periods, liquidity tends to dry up rather than build. Glassnode’s warning is blunt: a market rally driven by underwater traders is inherently unstable. The Critical Threshold to Watch Analysts point to $81,000 as the line that Bitcoin cannot afford to lose again. That level represents the “Real Market Average,” a blended cost basis for capital that entered the market in the current cycle. A decisive drop below it would signal that demand — especially from newer investors — has disappeared. Glassnode compares the current dynamic to early 2022, when months of erosion in short-term demand eventually pushed… The post Short-Term Buyers Are Still Bleeding Cash appeared on BitcoinEthereumNews.com. Bitcoin Bitcoin may be back above $90,000, but a key on-chain indicator suggests that the market’s recovery could be running on thin ice. Key Takeaways  Bitcoin’s rebound above $90K is happening while recent buyers are realizing unusually large losses. Shrinking short-term demand leaves the $81K support level vulnerable to another retest. Glassnode says recovery signals would only strengthen once BTC reclaims the $100K–$105K range.  New data from Glassnode shows that traders who entered the market recently are realizing losses at one of the steepest rates ever recorded. While long-term holders appear unbothered, short-term participants — the cohort that typically fuels momentum in both directions — are deeply underwater. A Market Bounce With Weak Underpinnings The recent rally came only days after Bitcoin briefly slipped to the $80,000 region. Historically, rebounds of this size indicate the return of aggressive dip buyers — but this time, the blockchain tells a different story. Glassnode’s latest report highlights a collapse in the short-term realized profit/loss ratio, a metric used to measure whether recent buyers are selling at a loss or a profit. Right now, the ratio sits at 0.07x, meaning the average short-term seller is exiting at a significant loss. When this ratio stays low for long periods, liquidity tends to dry up rather than build. Glassnode’s warning is blunt: a market rally driven by underwater traders is inherently unstable. The Critical Threshold to Watch Analysts point to $81,000 as the line that Bitcoin cannot afford to lose again. That level represents the “Real Market Average,” a blended cost basis for capital that entered the market in the current cycle. A decisive drop below it would signal that demand — especially from newer investors — has disappeared. Glassnode compares the current dynamic to early 2022, when months of erosion in short-term demand eventually pushed…