BTC Demand Dries Up: Short-Term Holders Dump 800K
Short-term Bitcoin holders sold 800K BTC since May 27 amid worst-record -2M BTC momentum.
- May 27–June saw short-term holders shed 800K BTC
- Net momentum shows –2M BTC outflow—the worst recorded
- Signals potential weakening in Bitcoin demand
Since May 27, short-term Bitcoin holders (STHs) have been offloading significant amounts of BTC—about 800,000 coins in total. According to on-chain data by CryptoQuant, this surge in selling has created a net negative momentum of roughly 2 million BTC, marking the sharpest decline on record.
What Does Negative Momentum Mean?
Negative momentum, in this context, measures the net outflows minus inflows among holders over a period. A –2 M BTC value indicates that, even after some accumulation, overall outflows strongly outweighed inflows. It reflects a broader sentiment shift: many holders appear inclined to take profits or reduce exposure.
Why It Matters for Bitcoin Markets
When STHs reduce their holdings en masse, it can dry up short-term liquidity and buying support. This selling pressure may influence price volatility and discourage new buyers, at least in the near term. While long-term holders (LTHs) often absorb these sales, a rapid shift in short-term sentiment can cascade into broader market moves.
Why It Matters for Bitcoin Markets
When STHs reduce their holdings en masse, it can dry up short-term liquidity and buying support. This selling pressure may influence price volatility and discourage new buyers, at least in the near term. While long-term holders (LTHs) often absorb these sales, a rapid shift in short-term sentiment can cascade into broader market moves.
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