According to Cointelegraph, short-term Bitcoin holders sold 15,000 BTC at a loss this week. Despite the market's calm, on-chain data from CryptoQuant shows that short-term holders tend to panic sell when prices drop.
Glassnode data shows that on Monday, 959 BTC were transferred to exchanges at a loss, increasing to 16,700 BTC on Wednesday, as prices fell from $106,500 to $103,500. This behavior indicates increased activity among short-term holders during market downturns.
The overall supply of short-term holders has decreased, especially after a significant pullback. This reduction in weak hands selling pressure provides an opportunity for accumulation and may indicate the emergence of a price bottom.
According to data analysis from Swissblock, Bitcoin is lingering in a market 'blind spot,' with spot trading volume continuously declining since June 2025, indicating ongoing selling pressure. The cost basis support range for short-term holders is between $97,000 and $94,000, which may become a local bottom.
