Short-term Bitcoin holders sold approximately 15,000 BTC at a loss this week, creating downward pressure on the cryptocurrency’s valuation amid recent market volatility. The sell-off intensified as 959 BTC moved to exchanges at a loss on Monday, escalating to 16,700 BTC by Wednesday.
This wave of disposals coincided with Bitcoin’s price retreat from $106,500 to $103,500, reflecting short-term holders’ tendency to panic sell during market downturns and crystallize losses. Such behavior has persisted for over a month according to the STH-LTH Net Position Change metric.
Long-term holders provided crucial market stability by absorbing the majority of these distressed sales. Their accumulation strategy counterbalanced the selling pressure, ultimately preventing deeper declines and maintaining BTC’s price firmly above the psychologically significant $100,000 threshold.
The contrasting behaviors highlight the stabilizing role of veteran investors during volatility. While short-term holders reacted to price drops by offloading assets at a loss, long-term holders demonstrated confidence through strategic accumulation, underscoring the resilience of Bitcoin’s core investment base.