Summary
- It was reported that short-term holders are selling Bitcoin at a loss.
- The purchase price of short-term holders could become a support level.
- There is a possibility of market decline if short-term holders engage in mass selling.
An analysis has emerged that short-term holders of Bitcoin (BTC) are selling at a loss.
On the 21st (local time), CryptoQuant author Darkfost reported, "Recently, the Short-Term Holder (STH) SOPR multiple has entered negative territory. This means that short-term holders are currently selling Bitcoin at a loss."
The author continued, "Two scenarios could unfold going forward. If short-term holders decide to hold without incurring losses, their purchase price could serve as a strong support level. Conversely, if short-term holders engage in mass selling, the market could experience a significant decline."
Suehyeon Lee
shlee@bloomingbit.ioI'm reporter Suehyeon Lee, your Web3 Moderator.
![[Exclusive] KakaoBank meets with global custody heavyweight…possible stablecoin partnership](https://media.bloomingbit.io/PROD/news/a954cd68-58b5-4033-9c8b-39f2c3803242.webp?w=250)
