Key Takeaways
Why are Bitcoin short-term holders under pressure?
The STHs, those modern-day Icaruses, plummeted into a fiscal abyss, their wallets weeping 30,000 BTC into the void. Sell-side Risk, a specter of dread, climbed to 0.00055, while their unrealized profits evaporated like morning dew-gone before noon.
What signals could shift Bitcoin’s trend?
The Seller Exhaustion Constant, a weary old bard, began to wane, hinting at a lull in the symphony of despair. If buyers dare to defend $112,000, BTC might pirouette toward $115,896-though it’s more of a hopeful pirouette than a grand jeté.
Bitcoin [BTC], that capricious lover, broke below its consolidation band and flirted with a 12-day low of $111,000 before a fleeting rebound. At press time, BTC traded at $113,213, a 0.41% daily uptick, though it still wallowed in a 2.24% weekly slump.
Amid this volatility, investors-particularly the STHs-found themselves in a fiscal ballet of panic. Their losses were not merely financial but existential.
Bitcoin short-term holders face heavy losses
As BTC’s descent quickened, STHs fled like ants from a burning picnic, their Sell-Side Risk spiking to a two-week high of 0.00055. Darkfost, the crypto oracle, noted their losses: 30,000 BTC in a single day-a fiscal hemorrhage.
With BTC languishing below $114,000, their unrealized profits vanished like smoke, while September’s buyers wept into their keyboards, their losses deepening.
Retail cohorts turn bearish
Checkonchain’s data revealed a grim tableau: Shrimps, Fish, and Crabs all swimming upstream into the red. Their balance changes? A fiscal haiku of despair.
Fish: -6.6k BTC. Crabs: -4.4k BTC. Shrimps: -475 BTC. A collective sale so fervent, one might think they were auctioning their souls.
This retail exodus is not just bearish-it’s a bearish opera, sung in the key of “liquidate or perish.”
There’s still hope
Yet! The Seller Exhaustion Constant, that weary sentinel, began to wane, suggesting STHs had already danced their last waltz of liquidation. Checkonchain noted their sell flows had slowed to a trickle.
Exhaustion, that old friend of the downtrodden, now whispered of stabilization-or perhaps a bounce. If buyers rally, BTC might reclaim $115,896. But don’t hold your breath; the market is a fickle lover.
Bitcoin’s near-term path
AMBCrypto’s analysis paints a chiaroscuro: STHs capitulated, sellers ruled, yet exhaustion hints at a rebound. If this charade continues, BTC could tumble to $112k-or worse, $111,645. But if demand stirs, the price might pirouette back to $115,896-though it’s more of a stumble than a pirouette.
And thus, the market waltzes on, a ballet of chaos and hope, where every candlestick chart is a sonnet, and every dollar a drop of ink in the grand, mad manuscript of crypto.
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2025-09-23 19:18