Bitcoin is down 10% after last week's brutal sell-off, resulting in its biggest one-day drop this year 😱. A large portion of short-term cryptocurrency holders are now experiencing unrealized losses. According to Glassnode, 88.3% of the supply controlled by short-term holders is "under water" 🌊. Experts suggest that the Bitcoin market is in a “dangerous” state from a psychological point of view, and the price could drop to $12.5 thousand.