Bitcoin Falls Below $66K As Short-Term Holder Stress Reaches February Levels
Bitcoin has fallen below $66,000 as selling pressure and uncertainty increase, with on-chain data showing a sharp rise in short-term holder capitulation. The key Binance metric, STH Loss to Binance, hit -16,400 BTC on June 2, its weakest reading since February 6, when a major correction and forced selling helped exhaust the downtrend. Across all exchanges, STH Loss to Exchange also showed heavy loss realization, reaching -38,700 BTC on June 2 after -41,300 BTC on May 28, both worse than the February capitulation level. Mid-sized investors contributed too, sending about 8,400 BTC to Binance on June 2, the highest since February 6. This pattern suggests recent buyers are exiting at a loss rather than waiting for a rebound. Such loss spikes can mark panic and potential support, but if Bitcoin fails to stabilize around current levels, more short-term holder stress may still remain.
