"Bitcoin experienced a dramatic dip last week, with a massive exodus of leverage from derivatives causing a downward spiral. But the real concern? The stability of Bitcoin's price above the $26,000 level. Short-term holders, those new to the market and more reactive to price fluctuations, are sitting on approximately 1.28 million BTC at a loss. If the volatility continues, an oversupply of BTC could hit the exchanges, creating immense selling pressure. The market is at a critical juncture, with the actions of these short-term holders... would they trigger further price cascades?"
![Short-term holders are sitting on 1.3M BTC at a loss](https://cryptoslate.com/wp-content/themes/cryptoslate-2020/imgresize/timthumb.php?src=https://cryptoslate.com/wp-content/uploads/2023/08/bitcoin-1.jpg&w=70&h=37&q=75)
Short-term holders are sitting on 1.3M BTC at a loss
Bitcoin's drop to $26,200 caused a 82% drop in the percentage of short-term holder supply in profit.
![Short-term holders are sitting on 1.3M BTC at a loss](https://cryptoslate.com/wp-content/uploads/2023/08/bitcoin-1-768x403.jpg)
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