---
title: The short-term holder supply in profit/loss ratio is the lowest it’s ever been in the history of bitcoin.
description: "Indeed, 95% of bitcoin $BTC held by short-term holders, those who bought less than 155 days ago, is underwater.\nEven with two 30% drawdowns this cycle, the speed and severity of the current drawdown have made it much more severe.\n\nSource: Joe Consorti, Frank @FrankAFetter"
---

[Syz The Moment](https://blog.syzgroup.com/syz-the-moment)

# [The short-term holder supply in profit/loss ratio is the lowest it’s ever been in the history of bitcoin.](https://blog.syzgroup.com/syz-the-moment/the-short-term-holder-supply-in-profit/loss-ratio-is-the-lowest-its-ever-been-in-the-history-of-bitcoin)

 Written by [Charles-Henry Monchau, CFA, CMT, CAIA](https://blog.syzgroup.com/syz-the-moment/author/charles-henry-monchau) | Nov 18, 2025, 3:06:20 PM

[View full post](https://blog.syzgroup.com/syz-the-moment/the-short-term-holder-supply-in-profit/loss-ratio-is-the-lowest-its-ever-been-in-the-history-of-bitcoin)

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