This article is relevant.

**Short-Term Holder Dynamics Indicate Potential Market Shift**

Recent on-chain data analysis reveals intriguing trends among Bitcoin's short-term holders, particularly those who have held their coins for 1 to 3 months. These investors have been actively selling at a loss, marking a departure from the usual behavior of those holding for less than a week. Despite these realized losses, the intensity of selling pressure has diminished, suggesting a shift in market sentiment.

Historically, substantial realized losses have often signaled local market bottoms. The current reduction in selling pressure may indicate a growing resilience among short-term holders, who appear willing to endure temporary setbacks for potential long-term gains. This behavioral shift could lead to reduced market volatility and pave the way for stabilization or even a reversal.

As short-term holders currently control 28% of Bitcoin's supply, their transition to long-term holding could significantly impact Bitcoin's trajectory, potentially driving prices beyond $150K. The coming weeks will be pivotal; continued weak realized losses and declining selling pressure may confirm a bottoming process.