When Bitcoin Falls, Who’s Laughing? 🤣 Long-Term vs Short-Term Holders

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Oh, the joys of being a short-term Bitcoin holder! 🙄 Last week, these brave souls decided to part ways with over 20,000 BTC, all at a loss, mind you, as the price dipped below $113,000. Thanks, CryptoQuant, for the heart-warming update!

Analyst JA Maartun chimed in on X with a nugget of wisdom, “Short-term holders are selling at a loss. This is the deepest value in over one month. Bulls want to see this as a sharp move upward. Otherwise, it could mirror the prolonged loss-taking from late February to late May.”

🚨 Short-Term Holders are selling at a LOSS!

This is the deepest value in over 1 month.

👉 Bulls want to see this as a sharp move upward (profit-taking at strength).

⚠️ Otherwise, it could mirror the prolonged loss-taking seen from late Feb → late May.

– Maartunn (@JA_Maartun) August 19, 2025

By Tuesday, the BTC exodus had grown from a mere 1,700 BTC on Sunday to a whopping 23,520 BTC, as Bitcoin plummeted 3.5% from $118,600 to $114,400. CryptoQuant data suggests that the short-term holders’ (STH) Spent Output Profit Ratio (SOPR) had fallen below 1, indicating that the pressure on short-term sellers was intensifying. Good times, huh?

Long-Term Holders Secure Gains

In contrast, long-term holders are sitting pretty. Maartun added, “LTH SOPR spiked to 273, meaning long-term holders realized gains about 273 times their cost basis on-chain.” So, while the short-term crowd is shedding tears, the long-term holders are popping champagne. 🥂

Swissblock, the ever-optimistic crypto trading firm, pointed out the solid support between $100,000 and $110,000, which has held strong since May. They quipped, “a break below this range would require significant selling.”

Lots of noise about Bitcoin dropping below $100k in September.

Beyond indicators, $BTC would need to break the $100k-$110k wall built over 100+ days above $100k.

Not indestructible, but a tough fight for bears.

– Swissblock (@swissblock__) August 18, 2025

Polymarket, the prediction market, is giving Bitcoin a 73% chance of ending the week at $114,000, with a 39% chance of dipping below $112,000. So, it’s a coin toss… literally.

And let’s not forget the macro factors. Investors are on tenterhooks waiting for the Federal Reserve’s FOMC minutes and Jerome Powell’s Jackson Hole remarks. Any surprises could send Bitcoin and other risk assets into a tailspin. 🌀

In summary, the market is a bit like a seesaw. Short-term holders are feeling the pinch, while long-term holders are basking in the glow of their profits. Bitcoin’s next challenge is holding its support and aiming for a retest of $120,000. Will the buyers step up, or will we see more of the same? Only time will tell. 🕰️

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2025-08-20 15:50