Analysts say bitcoin cabinets with short -term surrender, hesitated

There is a wave of surrender of a short -term holder that leads bitcoin now, which enhances the declining pressure, analysts in Glassnode warning.

Bitcoin price (BTC) Now under strong sale, as short -term holders have begun to empty their coins at a loss, such as previous market fluctuations, according to the GLASSNODE research report.

Since January, the direction of accumulation has been weak, indicating that buyers have not interfered to accommodate the sale.

The decrease with the Bitcoin slide was lined up from $ 108,000 to $ 93,000, which raised concerns about the dull demand. Glassnode wrote on March 11 a report. Market confidence was weakened in late February as external risks, including The electronic attack bybit And high tariff tensions, and added uncertainty.

“Unlike the previous stage, there was no significant response from the purchase of a decline this time, indicating that the feelings may turn towards aversion to risks and maintain capital rather than continuous accumulation.”

Glassnode

The data showed that short -term holders get the greatest success with the low bitcoin prices. Since less than $ 95,000 has decreased, all buyers have been sold at a confusion. In its worst cases, the sales pressure pushed the output profit rate that was spent in the short-term-paths in the event of selling their owners in the short term with profits or loss-to 0.97 when Bitcoin collapsed to $ 78,000, indicating the panic.

Glassnode says that the other main measure, which was destroyed in the short -term currency days, confirms the sale that is moved by panic, adding that the last sale by senior buyers “pushed this indicator to -12.8k currency days per hour, reflecting the achievement of an extensive loss and a moderate surrender.”

“A similar pattern appeared in August 2024, when Bitcoin fell to $ 49,000 amid market stress and uncertainty in macro. The current structure indicates a similar surrender.”

Glassnode

With Bitcoin now near the main cost levels, analysts suggested that the market could enter a unification phase before finding the company’s support.