Short-term $BTC holders are starting to feel the pain.
Nearly 23,000 BTC was sent to exchanges at a loss after BTC dropped roughly $3,000, while only about 14,300 BTC moved in profit, according to CryptoQuant data.
That gap matters.
It suggests a decent chunk of recent buyers are choosing to exit underwater instead of waiting for a recovery.
The question now is whether this is simple panic selling or the kind of forced cleanup that eventually leaves the market with stronger hands.
Nearly 23,000 BTC was sent to exchanges at a loss after BTC dropped roughly $3,000, while only about 14,300 BTC moved in profit, according to CryptoQuant data.
That gap matters.
It suggests a decent chunk of recent buyers are choosing to exit underwater instead of waiting for a recovery.
The question now is whether this is simple panic selling or the kind of forced cleanup that eventually leaves the market with stronger hands.
