Bitcoin On-Chain Warning: Short-Term Holder Selling Accelerates Amid Price Correction

Bitcoin's price flirted with dropping below $100,000, triggering concerns among short-term holders (STH). STH's net position has turned negative recently, indicating weakening conviction in Bitcoin. This behavior mirrors the market's reaction during the price dip below $80,000 in April 2025. The analyst observed that STHs are now highly sensitive to market fluctuations. Despite the bearish signals, Bitcoin showed signs of a potential reversal over the weekend. Analysts like Ali Martinez believe Bitcoin may reach $108,300 or even $110,000. Technical indicators, including Hash Ribbons, signal potential buying opportunities. Negative funding rates on Binance suggest a possible short squeeze, further supporting bullish momentum. However, long-term holders exiting the market and retail investor influx raise volatility concerns. Bitcoin currently trades at $107,627, reflecting a 1.9% increase in the last 24 hours. The market presents mixed signals, with both bullish and bearish indicators present.