Short-term holders of Bitcoin have sent 55,000 BTC, worth $4.6 billion, to exchanges at a loss in the past 24 hours, according to data from CryptoQuant. This selling activity follows a period in which short-term holders have been consistently moving large amounts of Bitcoin to trading platforms. In contrast, long-term holders have been less active, with their supply of Bitcoin actually increasing since February 14. The Chief of Markets at YouHodler attributes the short-term holders' selling to factors such as the recent Bybit hack and tariff issues. Other data shows that 4.6 million Bitcoin is being held at a loss, and the short-term holder MVRV ratio has dropped to 0.89. Analysts suggest that short-term holders who purchased Bitcoin recently at unfavorable levels are now selling at a loss, while those who bought Bitcoin around the time of Donald Trump's election victory are still in profit and not selling their holdings. The ratio of long-term holders to short-term holders remains relatively low, suggesting that there may still be more selling pressure to come.



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