Bitcoin On-Chain Warning: Short-Term Holder Selling Accelerates Amid Price Correction
Bitcoin (BTC) approached the critical $100,000 mark, prompting concerns among short-term holders (STH) as their net position turned negative by 833,000 BTC over the past month. STHs, who hold BTC for less than 155 days, typically react to market volatility and may sell during downturns. Current STH behavior mirrors patterns observed during a previous drop below $80,000 in April 2025. Despite losing momentum after reaching an all-time high of $111,814, BTC showed signs of recovery, breaking through resistance at $106,600. Analysts predict potential rallies to $108,300 or $110,000 if momentum persists. Technical indicators suggest bullish trends, with Bitcoin's Hash Ribbons signaling a buying opportunity. However, long-term holders are exiting the market, and increased retail investor activity could introduce volatility. BTC is currently trading at $107,627, reflecting a 1.9% increase in the last 24 hours.
