🚨 $BTC SHORT-TERM HOLDERS FLIP NEGATIVE AS PANIC SELLING HITS 77.8K! 📉
Short-term holders are officially feeling the heat as profit-taking morphs into heavy distribution. 📊 The 7-day moving average of STH Net P/L to exchanges just plunged to -3,022 from +21,182 on Oct 24, marking the first underwater reading since Aug 18 as $BTC retreats from 83.6K to 77.8K.
History demands respect on this signal. 🔍 Previous flips in January at 89K and May at 76.9K triggered steep 28.5% and 23.2% drawdowns before buyers finally absorbed the supply. If underwater holders continue dumping into weakness, another liquidity cascade could be loading. 💬 Are you stepping in front of this dip or waiting for full capitulation to confirm? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #CryptoAnalysis
🎯 🦈
Short-term holders are officially feeling the heat as profit-taking morphs into heavy distribution. 📊 The 7-day moving average of STH Net P/L to exchanges just plunged to -3,022 from +21,182 on Oct 24, marking the first underwater reading since Aug 18 as $BTC retreats from 83.6K to 77.8K.
History demands respect on this signal. 🔍 Previous flips in January at 89K and May at 76.9K triggered steep 28.5% and 23.2% drawdowns before buyers finally absorbed the supply. If underwater holders continue dumping into weakness, another liquidity cascade could be loading. 💬 Are you stepping in front of this dip or waiting for full capitulation to confirm? 👇
⚠️ Not financial advice. Always manage your risk. 🛡️
🏷️ #BTC #Bitcoin #OnChain #CryptoAnalysis
🎯 🦈