Bitcoin Short-Term Holders Panic-Sell $770M BTC as Bears Eye $65K
Cointelegraph
Short-term Bitcoin holders offloaded $770 million in assets at a loss as market volatility fuels fears of a price correction toward $65,000.Summary
Bitcoin recently faced a price decline to $76,500, triggered by geopolitical tensions and investor caution. On-chain data indicates that short-term holders moved over 10,000 BTC—valued at approximately $770 million—to Binance at a loss, signaling panic selling. This trend is compounded by significant outflows from US spot Bitcoin ETFs, the largest since late January. Analysts suggest that if the current support levels fail, Bitcoin could experience a further downtrend toward the $65,000 to $70,000 range, though long-term holder data indicates a potentially stronger underlying market structure compared to previous cycles.
(Source：Cointelegraph)