[Analysis] "Bitcoin: Clear Selling Pressure From New Investors… Existing Holders Accumulating"

Recently, as Bitcoin (BTC) has entered a correction phase, selling by new investors has become more noticeable. On the other hand, some holders are absorbing this and moving to accumulate.

On the 26th (KST), CryptoQuant contributor CrazyBlock reported that “the average unrealized loss for investors who held Bitcoin for less than a month was estimated at about -3.5%” and that “unable to tolerate the losses, these investors sold, resulting in a significant decrease in their holdings over the past few weeks.”

However, some investors are continuing to hold onto Bitcoin even during this downturn. The contributor explained, “the group of investors who have held for 1–6 months maintained an average return of +4.5% and showed relatively stable behavior,” adding, “overall, short-term holders are not experiencing significant selling pressure, with most of the volatility driven by ‘panic selling’ among recent entrants.”

He further added, “This correction is not a sign of the market collapsing but rather a normal process of speculative funds being excessively drawn out,” explaining, “the coins sold in panic by new, fearful investors are being picked up by long-term holders with greater conviction, which strengthens the support level for a future rise.”