Bitcoin Short-Term Holders Sell at a Loss Amid Price Drop

According to Odaily, Bitcoin short-term holders exited their positions at a loss on Monday as the cryptocurrency's price declined. This sell-off coincided with derivative traders stopping losses, leading to a significant reduction in open futures contracts on the Chicago Mercantile Exchange. Glassnode defines short-term holders as addresses holding Bitcoin for less than 155 days. Data indicates that during a 4.7% price drop—the largest in two weeks—these holders transferred over 21,000 BTC (approximately $2.2 billion) to exchanges and sold at a loss. This transfer was the second-largest this month, possibly reflecting panic among investors who purchased Bitcoin near its all-time high of around $108,000 earlier this year, as the price suddenly fell below $100,000.