According to @glassnode on X on September 4, 2025, short-term holder profitability for BTC fell from over 90 percent to 42 percent during the selloff, then recovered to near 60 percent. According to @glassnode on X on September 4, 2025, this places the market in a neutral but fragile state. According to @glassnode on X on September 4, 2025, a recovery above 114k to 116k dollars for BTC would restore confidence, while continued weakness risks deeper losses. According to @glassnode on X on September 4, 2025, traders can monitor the 114k to 116k reclaim and the short-term holder profitability trend as key triggers and risk gauges.