From Cointelegraph

June 19, 2025 5:12 PM:

Short-term Bitcoin holders sold 15,000 BTC at a loss this week, pointing to a potential price bottom in the $97,000–$94,000 range. Onchain data from CryptoQuant showed increased activity from weak hands panic-selling during market downturns, with coins transitioning to long-term holders for market stabilization.

Glassnode data revealed 959 BTC transferred to exchanges at a loss on Monday, surging to 16,700 BTC by Wednesday as BTC’s price dropped to $103,500. This behavior is common among weak hands who tend to panic-sell during price dips, leading to market stabilization when coins move to long-term holders.

The overall supply held by short-term holders has decreased, signaling a reduction in selling pressure and potential opportunities for accumulation. Insights from the STH-LTH net position change chart show aggressive selling by short-term holders absorbed by long-term holders, helping to maintain BTC’s price above $100,000.

Bitcoin is currently in a “blind spot” in the market, facing selling pressure despite a recent price rebound driven by low buying volume. Swissblock data analysis indicates a negative spot volume delta since June 2025, suggesting a potential dip before a significant breakout depending on renewed buyer demand.

A short-term dip in Bitcoin’s onchain cost-basis indicates a support range between $97,000 and $94,000, potentially serving as a local bottom. This range could test key liquidation levels under $100,000 and re-evaluate a fair value gap and daily order block within the specified price range.

Read more at Cointelegraph: Short-term Bitcoin Holders Panic Sold 15K BTC This Week