Short-term holders $BTC , who have held coins for less than 155 days, experienced losses for the first time since January 2025, according to Glassnode data. The STH MVRV metric fell to 0.94, indicating average unrealized losses of 6%. This occurred after a market correction when the price of Bitcoin dropped to $110,000, reaching a 10-week low. Analysts at CryptoQuant report that in a week, STH transferred about 50,000 BTC to exchanges at a loss, indicating panic among new investors.
The decline is caused by uncertainty regarding the US Federal Reserve's policy and geopolitical tensions, particularly the escalation of the conflict in the Middle East. At the same time, long-term holders (LTH) remain stable, accumulating 300,000 BTC since the beginning of the year, absorbing the supply from STH. Experts note that such capitulation periods often preceded market recoveries, as was the case in August 2024 when STH-SOPR reached 0.964.
The market remains volatile, but historical data indicates growth potential. Stay tuned for updates and keep informed by subscribing to #MiningUpdates
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