Quick Take
Profit Taking
- After the SVB collapse in March, long-term holders (Blue) took the most profit for over a year.
- While short-term holders (red) bought the bottom of the dip and then offloaded the Bitcoin (BTC) for profits immediately — the same happened during Luna and FTX.
Loss Taking
- After Bitcoin lost its $30,000 support, we have seen a rise in loss-taking from short-term holders — selling off over 40,000 BTC in the past seven days. This cohort bought the local top.
- At the same time, we have seen a slight capitulation from long-term holders — selling off roughly 10,000 BTC in the past seven days.
The post Bitcoin’s 30k plunge – short-term holders sell off BTC, long-term holders unfazed appeared first on CryptoSlate.
Source: https://cryptoslate.com/insights/bitcoins-30k-plunge-short-term-holders-sell-off-btc-long-term-holders-unfazed/