Bitcoin Short-Term Holder Panic Selling: Is a Market Bottom Near? BTC at $83,120

Bitcoin's short-term holders (STH) are exhibiting panic selling behavior, with data from CryptoQuant indicating they've been selling at a loss since late January 2025. This trend, highlighted by crypto analyst IbrahimCosar, is based on the STH-SOPR metric falling below 1, suggesting short-term holders are offloading assets at a loss. Historically, such loss realization has correlated with market bottoms, potentially signaling a buying opportunity for long-term investors. As of today, Bitcoin is trading around $83,120. On-chain data from Glassnode reveals a support level between $80,920 and $78,000. A notable support level exists around $80,920, with stronger support appearing at $74,000 and $71,000. Resistance is firming near $95,000, where investor data shows increased Bitcoin holdings, suggesting some anticipate a price ceiling around this level. This resistance, along with established support levels, may confine Bitcoin within a narrower trading range in the short term. Glassnode data indicates that long-term holders have been the primary source of profit-taking, now nearly matched by losses endured by short-term traders. This dynamic highlights the contrasting strategies and sentiments between these two groups of investors.