$BTC 99% of Short-Term Bitcoin Buyers Are Now Underwater — The Market Has Flipped From Euphoria to Capitulation ⚠️🔥
At $96K, almost 99% of all $BTC accumulated within the last 155 days is now sitting at a loss. That’s one of the most extreme profitability compressions the market has ever seen — a complete reversal from the euphoric highs earlier this year.
When Short-Term Holder profit collapses toward zero, it signals an environment where recent buyers are overwhelmingly underwater, sentiment becomes fragile, and forced selling often accelerates. These are the same conditions that have historically surfaced during late-stage drawdowns, when emotional exhaustion peaks and weak hands exit the market en masse.
While this indicator can’t time the exact reversal, past cycles consistently show one thing: extreme STH pain tends to cluster near capitulation zones, where selling pressure finally begins to fade — and stronger hands quietly start absorbing supply.
If history rhymes, we may be far closer to the end of fear than the market realizes. 👀🔥
