TLDR:
- Bitcoin short-term holders recorded steep losses near 13 percent as selling pressure concentrated on recent buyers.
- CryptoQuant data showed new investor cohorts driving panic moves after the sharp drop to the 98,401 dollar level.
- A death cross appeared as Bitcoin touched the lower megaphone boundary, according to ColinTCrypto.
- CoinGecko reported Bitcoin trading at 95,680 dollars with rising volume during the market pullback.
Bitcoin extended its slide as fresh data pointed to deeper stress among short-term holders. The price fell to 95,680 dollars today, according to CoinGecko, after touching 98,401 dollars during the steep drop.
Selling pressure increased as recent buyers recorded heavy losses. Market activity showed concentrated pain among investors who entered the market within the past six months.
Bitcoin Capitulation Trends Accelerate Among Short-Term Holders
New investor cohorts took noticeable losses during the correction, according to data published by CryptoQuant.
The platform showed that buyers from the past week faced a 3.46 percent loss, while those who entered within the past month saw a 7.71 percent decline. Short-term holders who bought within six months absorbed the largest hit at 12.79 percent.
CryptoQuant attributed the decline to rising pressure on traders with high sensitivity to short-term price movements.
The data suggested that heavy selling activity came from groups reacting to rapid downside moves. CryptoQuant described this phase as a market flush that removes highly reactive traders from the market.
The firm noted that realized losses of this size often reflect peak stress within this segment. The analysis framed this dynamic as a recurring feature during sharp corrections.
Bitcoin’s current move aligned with that behavioral pattern as losses in the short-term cohort pushed selling pressure higher. The realized loss metric for these holders approached the point that historically coincides with fading panic.
CryptoQuant indicated that such levels tend to appear near local bottom zones in prior pullbacks. The data reported a shift in positioning as long-term holders absorbed supply transferred from short-term traders.
Technical Signals Add New Layer to Bitcoin’s Mid-November Move
Additional commentary came from market observer ColinTCrypto, who noted the arrival of a technical signal on Bitcoin’s chart. He stated that a death cross appeared as price action hit the lower boundary of a megaphone pattern.
His post described this level as a point where previous forecasts anticipated a mid-November tag of that range. The commentary framed the pattern as a setup that historically aligned with short-term upward moves.
Bitcoin "Death Cross" Just Flashed!
The Death Cross (An ironically BULLISH indicator) has just triggered, EXACTLY timed with BTC tagging the lower boundary of the megaphone pattern it's in.
Several weeks ago we predicted this would happen around mid-November. Well, here we are.… https://t.co/quqAs4qhXn pic.twitter.com/xBDjoMFnrL
— 𝙲𝚘𝚕𝚒𝚗 𝚃𝚊𝚕𝚔𝚜 𝙲𝚛𝚢𝚙𝚝𝚘
Moreover, he added that the timing of the pattern matched earlier expectations for the month. His analysis pointed to the death cross as a marker that sometimes precedes rebounds in prior cycles.
He also referenced the Federal Reserve’s plan to end quantitative tightening on December 1 as an upcoming factor. The statement focused on near-term behavior without projecting long-term outcomes.
CoinGecko data reinforced the scale of the move with Bitcoin’s 24-hour drop of 1.18 percent. The seven-day decline reached 6.47 percent as trading volume climbed above 95.9 billion dollars. The market tracked increased activity during the correction phase.
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