Short-Term Holder Profits Soar as Demand Remains Strong

CryptoQuant analyst Axel Adler Jr. highlights that short-term holder profitability reached a local peak recently, signaling significant profits for these traders. However, despite this strong performance from short-term investors, demand for cryptocurrencies remains high and hasn’t impacted the current upward trend. The indicator has yet to reach the sentiment highs seen during past market peaks.