Despite the ongoing market turmoil caused by U.S. regulators, short-term holders of Bitcoin have shown resilience by holding onto their coins. However, many of these investors have been selling at a loss on average. While the percentage of short-term holder supply sent to exchanges has increased slightly, it remains lower than during previous market implosions in 2022.
The market mood for Bitcoin is currently balanced between greed and anxiety, and a macroeconomic trigger or unforeseen event could still invalidate the narrative of short-term holders holding onto their coins.
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