Three-quarters of short-term Bitcoin holders are now profitable, potentially giving Bitcoin’s price additional upward momentum. Over 75% of short-term Bitcoin (BTC) holders (STHs) are now in profit, thanks to Bitcoin’s recent rally, according to a July 24 report by Glassnode. “This rally has now broken back above the STH cost basis and returned 75% of their held supply to an unrealized profit. This can be seen within the STH-MVRV metric, which has now recovered above the break-even level of 1.0.” Bitcoin’s price rally offers significant relief for short-term holders, the cohort that saw over 9…