Are short-term holders unable to hold on any longer?
Data shows: During this round of Bitcoin adjustment, the unrealized losses of short-term holders have reached levels seen at the beginning of the bear market, suffering quite severely. While long-term holders are still overall in profit, the pressure of losses is spreading from the short-term crowd to the entire market as the high-position buying chips 'age'.
What does this mean?
📌 If the market does not recover for a long time, these trapped 'new long-term holders' may waver, leading to further selling pressure.
📌 But from another perspective, this widespread loss actually indicates that panic is being released, and a bottom structure may be forming.
Whether the bear market is confirmed will depend on future trends, but on-chain data shows that sentiment and structure are already undergoing subtle changes, so don't overlook this signal. Real opportunities are often buried in pain and waiting.
