Bitcoin short-term selling pressure spikes as analyst predicts historic capitulation

Bitcoin’s (BTC) price experienced renewed selling pressure from short-term holders (STH) on March 6, after ending its six-week losing streak during the first week of March 2026. During the past 24 hours, STH sent 27,000 BTC, valued at about $1.86 billion at press time, to crypto exchanges in profit, according to on-chain data analysis from CryptoQuant, a crypto analytics platform. Interestingly, this sharp uptick in profit-taking from STH today represents the highest since January 14, 2026, which resulted in a 36% drop in the BTC price for the subsequent weeks source: https://finbold.com/bitcoin-short-term-selling-pressure-spikes-as-analyst-predicts-historic-capitulation/