#CryptoMarketMoves

$BTC Dips but Market Stays Profitable Amid Short-Term Holder Sell-Off

$BTC kicked off August with a 3% drop, falling below $115,000 and triggering $200M in liquidations. Glassnode data shows short-term holders drove the decline, selling $18.24B of the $21.34B in BTC traded—85.5% of the volume. Long-term holders contributed just 14.5% ($3.10B), suggesting newer investors are reacting to price weakness.

Despite the sell-off, over 90% of $BTC supply remains in profit, signaling unrealized gains but growing profit-taking pressure.