Short-Term Holders Panic-Sell Bitcoin—But the Market Still Prints Profits
Bitcoin's latest dip? Blame the weak hands.
While short-term holders scrambled to exit, the broader market remains firmly in the green—proving once again that crypto's most impatient traders are its own worst enemies.
Here's the kicker: even after the sell-off, Bitcoin's network-wide profitability barely flinched. The hodlers won. Again.
Funny how the 'get rich quick' crowd always ends up funding the diamond hands' Lambos.
Bitcoin Short-Term Sellers Drive Market Decline (Source: Glassnode)
Of the $21.34 billion in BTC that changed hands during the period, 85.5%—roughly $18.24 billion—was attributed to investors who acquired their coins within the last few months. In contrast, long-term holders accounted for only 14.5% ($3.10 billion) of the volume.
This trend suggests the pullback was driven more by newer market entrants reacting to price weakness than by institutional or long-term investors exiting the market.
Despite the sell pressure, the broader market remains largely in profit.
According to Glassnode data, the Percent Supply in Profit, representing the share of circulating BTC currently in profit, has stayed above 90% for over a month. While this reflects broad unrealized gains, it also signals rising pressure to take profits.
