Bitcoin’s 30k plunge – short-term holders sell off BTC, long-term holders unfazed

quick take

profit taking

• After the SVB crashed in March, long-term holders (blue) earned the most for over a year.
• Short-term holders (red) bought the bottom of the drop and quickly offloaded Bitcoin (BTC) to profit. The same thing happened with Luna and FTX.

loss cut

• after bitcoin After losing support at $30,000, cut losses increased from short-term holders, selling 40,000 BTC in the last 7 days. This cohort purchased local tops.
• At the same time, we have also seen a slight surrender from long-term holders who have sold around 10,000 BTC over the past seven days.

Post Bitcoin $30,000 Plunge – Short-Term Holders Sell BTC, Long-Term Holders Unfazed, First Appearance on CryptoSlate.