Bitcoin's sudden drop to $86,000 has left the crypto market in turmoil, with waves rippling across the trading landscape. As analysts dig deeper, it appears the spark of this sell-off was surprisingly not in derivatives. Instead, the spotlight turned to the spot market and short-term holders. These "0d ~ 1d" traders made a significant impact. But who exactly are these influential sellers, and what drove their decision to offload holdings in such large volumes? Delve into the insights...
Bitcoin’s steep decline fueled by short-term holders Bitcoin’s steep decline fueled by short-term holders
High-frequency traders and day traders rile Bitcoin market as prices plummet.
3 min read
Updated: Feb. 27, 2025 at 5:13 pm UTC
Cover art/illustration via CryptoSlate. Image includes combined content which may include AI-generated content.
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Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
