Analysis: Bitcoin short-term holders selling at a loss

The Bitcoin (BTC) unit price could fall below $100,000 due to short-term holders cutting losses. That’s according to a report published by Cointelegraph, citing Glassnode data. The publication outlined that the Bitcoin price has fallen from $106,500 to $103,500 this week as short-term holders dump their holdings. According to the analysis, the selling pressure will gradually decrease, and as a result, it is speculated that the price floor is likely to be formed in the $94,000 to $97,000 range. .