With BTC’s price dropping again, Darkfost stated that these investors are currently selling at a loss once again. Such actions from these newer investors, who are typically more sensitive to volatility, mark a growing sign of capitulation in the midst of waning price performance.
The expert highlighted that over 223,602 BTC moved from long-term holders to short-term holders in the last 30 days. This redistribution is a sign of a shifting investment environment as newer players enter the market and more experienced holders start to realize profits or realign their holdings.
At the time of writing, data from CoinMarketCap shows that BTC is slowly regaining upside momentum after facing a drop to $116,000 on Wednesday. While the price has witnessed a 0.34% in the past day, its trading volume has risen by over 10% within the same period.
