The company\u2019s analysis suggests that a \u201csubstantial portion of Bitcoin deposits\u201d into exchanges is \u201cbeing driven by large holders or whales.\u201d Consequently, the report indicated that this behavior is \u201coften interpreted as these big players actively reallocating their assets, potentially signaling forthcoming selling pressure in the market.\u201d<\/p>\n The other somewhat worrying news on the BTC price front is the growing number of Short-Term Holders (STHs) that are sitting on substantial unrealized losses. Glassnode asserted that this cohort of investors has holdings worth $7 billion, which are underwater.<\/p>\n This is the largest sustained loss event of this cycle. However, it remains within \u201chistorical bull market bounds\u201d and is still less painful than those seen during the May 2021 sell-off. During the end of that bull cycle four years ago and in the subsequent bear market, these losses skyrocketed to somewhere between $19.8 billion and $20.7 billion.<\/p>\n The rolling 30-day realized loss for #Bitcoin<\/a>\u2018s STHs has reached $7B, marking the largest sustained loss event of this cycle. However, this remains well below prior capitulation events, such as the $19.8B and $20.7B losses in 2021-22: https:\/\/t.co\/SoUZfmHaX2<\/a> pic.twitter.com\/eSUJjfYiEf<\/a><\/p>\n \u2014 glassnode (@glassnode) March 21, 2025<\/a><\/p>\n<\/blockquote>\n STHs are typically the first to exit the market when prices tend to head south or remain in a consolidation phase for a while, especially when they are underwater. As such, BTC could plunge further if they decide to dispose of some (or all) of their bitcoin holdings.<\/p>\n Amats Bitcoin Stable at $84K \u2013 But 2 Red Flags Point to an Imminent Correction<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" The past week or so has gone without any major fireworks in either direction, unlike the events from the previous one, and BTC remains stuck at around $84,000. However, the cryptocurrency doesn\u2019t tend to stay steady for long, so this could be simply the calm before the storm. Whale Activity Warning As we have explained […]<\/p>\n","protected":false},"author":1,"featured_media":862,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[25],"class_list":["post-19821","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-feeds","tag-bitcoin"],"yoast_head":"\n![\"Bitcoin](\"https:\/\/cryptopotato.com\/wp-content\/uploads\/2025\/03\/11-1.webp\")
<\/a>STHs Underwater<\/h2>\n
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