Short-Term Bitcoin Holders Sell 15,000 BTC at a Loss
This week, the cryptocurrency market saw significant activity as short-term Bitcoin holders (STHs) sold 15,000 BTC at a loss. Analysts now question whether Bitcoin’s price could drop below $100,000. On-chain data points to a potential bottom between $97,000 and $94,000.
Market Context and On-Chain Data
Geopolitical tensions and Federal Open Market Committee (FOMC) uncertainty kept trading subdued. Despite this, CryptoQuant reported over 15,000 BTC moved at a loss by STHs. Glassnode data showed exchange losses surging from 959 BTC on Monday to 16,700 BTC by Wednesday, with prices falling from $106,500 to $103,500.
Long-Term Holders Stabilize Market
STHs often sell during downturns, realizing losses. Their coins typically transfer to long-term holders (LTHs), strengthening market stability. Declining STH supply after major drawdowns may signal a forming price floor, creating accumulation opportunities.
Bitcoin’s Market Position and Outlook
Swissblock notes Bitcoin remains in a ‘blind spot’ with persistent selling pressure since June 2025. While recent low-volume buying caused a rebound, analysts expect further dips before any breakout. Key support sits between $97,000 and $94,000, potentially marking a local bottom before recovery.
