Bitcoin On-Chain Alert: Short-Term Holders Unload BTC During $100K Price Fluctuation

When Bitcoin (BTC) hovered around the crucial $100,000 level the previous week, short-term holders (STH) started showing rising jitters, raising doubts about a more severe market correction.

Short-Term Holder Jitters Indicate Price Sensitivity

In a recent CryptoQuant Quicktake posted by contributor Darkfost, STH net positions have become strongly negative over the last month, even as BTC found support above the six-figure barrier.

In context, short-term holders are those who have kept Bitcoin for less than 155 days and therefore are more prone to market fluctuations and responsive to price changes. They tend to sell during downturns or uncertain periods.

A net position change of -833,000 BTC has been recorded for this group in the current pullback — which is approximately the same as the -977,000 BTC change recorded during the April 2025 crash.

"Current STH behavior is reminiscent of what we witnessed during BTC's short drop below $80,000 in April," Darkfost reported, pointing to a low of $74,508. "This group is now very reactive to any change in the market, and the recent fall around $100,000 has re-awakened that fear."

Bitcoin Exhibits Signs of Recovery

Though Bitcoin stumbled after printing a fresh all-time high (ATH) of $111,814, the flagship cryptocurrency recovered during the weekend, indicating a possible reversal.

Noted analyst Ali Martinez noted that BTC has surpassed the crucial resistance at $106,600. Last week in a post on X, Martinez predicted an upswing to $108,300–$110,000, if the momentum continues.

Meanwhile, analyst Rekt Capital posted a daily chart of BTC, pointing to a breakout of the two-week downtrend (highlighted in pale blue). Rekt suggested that this earlier resistance area may now become new support.

Technical Indicators Suggest Bullish Continuation

A series of gauges are sending bullish warnings. Among them, Bitcoin's Hash Ribbons have sent a traditional buy signal, which has been historically tied to powerful upside movements.

Further, on-chain indicators suggest a possible short-term rally, which is fueled in part by a negative funding rate on Binance — a configuration which is frequently related to pending short squeezes.

Nonetheless, traders must be careful. Although long-term investors seem to be slowly leaving, increased retail participation may bring additional volatility. As of the writing of this text, BTC currently trades at $107,627, which represents a 1.9% increase over the last 24 hours.

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