Short-term holders panic sell 15,000 BTC, long positions bottom strength may become a key price support.

According to on-chain data, short-term Bitcoin holders transferred 15,000 coins at a loss this week, increasing the likelihood of the price falling below $100,000. On Monday, 959 BTC were transferred at a loss to the trading platform, surging to 16,700 by Wednesday, while the BTC price fell from $106,500 to $103,500 during the same period.

This behavior reflects the tendency of short-term holders to panic sell when prices fall, often leading to losses. When these paper hands exit the market, their Bitcoin holdings are often transferred to long-term holders, helping to stabilize the market and form a more solid bottom price. According to the STH-LTH Net Position Change chart, short-term holders have been actively selling over the past month, while most of the sell-off has been absorbed by long-term holders. This dynamic may have played a key role in keeping the BTC price above $100,000.