LTHs

Bitcoin price ($BTC ) is currently trading 13% lower than the all-time high of 108,000 USD, the largest drop since the U.S. presidential election. Strong selling pressure from long-term holders (LTHs) has caused the price of Bitcoin to plummet, while demand from short-term investors is not enough to offset the supply.
Market Movement Details
Deep price drop: Bitcoin is currently around 94,500 USD, sharply down from its peak. Some investors view this as a correction phase as the price has dropped by 10% or more.

Bitcoin has just undergone a sharp correction, falling below 80,000 USD for the first time since last November. But who is really selling during this period? According to data from CryptoQuant, the answer largely comes from short-term investors (Short-Term Holders - STHs), while long-term investors (Long-Term Holders - LTHs) tend to be more patient.
Short-term investors sell at a loss of billions of USD.