Bitcoin Short-Term Holders Move 107,760 BTC In A Single Day — Details
Bitcoin’s seasonal pattern suggests it has never logged three straight positive months in a bear-market year, and 2026 appears set to follow that trend, with May likely finishing negative after gains in March, April, and early May. On-chain data also points to weakening conviction among short-term holders. A CryptoQuant analyst noted that 107,760 BTC from the 1-month to 3-month spent output age band moved in a single day, the largest such move in more than seven months. Because these coins were bought during the recent rally and are now mostly near breakeven or underwater with BTC below $74,000, the move looks more like reaction or capitulation than accumulation. Bitcoin Price Momentum has also stayed negative since May 22, signaling fading strength. BTC was trading near $73,410, down slightly on the day.
