Bitcoin’s short-term holders offload $2.4 billion amid price drop below $95,000 
Bitcoin’s price dropped sharply below $95,000 on Jan. 8, erasing gains made earlier in the week when it briefly surpassed $100,000.
Data from CryptoQuant reveals that short-term holders (STHs)โinvestors holding Bitcoin for less than 155 daysโwere key players in this sell-off. Over 26,000 BTC valued at more than $2.4 billion were moved to exchanges at a loss.
Meanwhile, further analysis from Alphractal showed that this wave of selling pressure coincides with a broader decline in accumulation trends among this cohort of investors.
According to the firm, the “Accumulation vs. Distribution of STH” metric shows that STHs have a growing preference for liquidating rather than accumulating their BTC holdings.
Additionally, STH accumulation has steadily declined since Dec. 5. This weakening demand from these investors aligns with Bitcoin’s recent price volatile movements, demonstrating how their actions can significantly influence market trends.
Analyst 
Oluwapelumi Adejumo
Oluwapelumi values Bitcoin's potential. He imparts insights on a range of topics like DeFi, hacks, mining and culture, underlining transformative power.
Latest Insights
In this insight
Bitcoin, a decentralized currency that defies the sway of central banks or administrators, transacts electronically, circumventing intermediaries via a peer-to-peer network.
