On-chain data shows that short-term Bitcoin holders are undergoing a painful trial—over the past six weeks, market speculators have faced actual losses exceeding 100 million dollars.
In particular, funds that built positions in the last 1-3 months have watched helplessly as Bitcoin has retraced 30% from its January highs, falling into deep losses. In this round of decline, short-term funds have become the biggest victims.
The current question is whether this batch of chips will be completely washed out of the market or whether it will become a driving force for a rebound. Whether the market has entered a state of deep panic is worth attention.
What do you think? Is this a good opportunity to buy low, or is the risk not yet gone?
