Bitcoin’s latest rebound to $74,050 on Thursday is running into immediate selling pressure as short-term holders move coins to exchanges in large volumes, suggesting the market’s most reactive cohort remains unconvinced by the recovery.
On-chain data shared by CryptoQuant contributors indicates that traders who bought Bitcoin only weeks ago are now locking in gains rather than holding through the bounce, creating a fresh pocket of supply just as the market attempts to stabilize.
Bitcoin Short-Term Holders Cash In
Podľa to CryptoQuant contributor Darkfost, more than 27,000 BTC in profits were sent to exchanges by short-term holders (STHs) over the past 24 hours, one of the largest spikes recorded in recent months. The metric tracks coins moved to exchanges by investors who are currently in profit, often interpreted as a precursor to potential selling pressure.
“Despite the slight recovery of Bitcoin, STHs (Short Term Holders) do not seem convinced and prefer to take profits quickly,” Darkfost wrote. “Over the past 24 hours, STHs have sent more than 27,000 BTC in profit to exchanges, which ranks among the highest levels observed in recent months.”

The dynamic appears concentrated among the most recent buyers. According to the analysis, the only cohort currently able to realize meaningful gains consists of investors who accumulated Bitcoin between one week and one month ago, with a realized price near $68,000.
That positioning places them directly in the money after Bitcoin’s latest bounce toward the low-$70,000 range, creating a natural incentive to exit positions quickly.
“STH are known for being reactive and emotionally driven, especially the youngest cohorts,” Darkfost noted. “Current news flow and macroeconomic projections remain rather negative in the short term, which makes this behavior relatively understandable and, in this case, fairly rational.”
For now, that behavior translates into near-term supply. “This represents selling pressure to monitor, as STH do not yet appear willing to hold their positions for longer,” he added.
Repeated Pattern Around Range Highs
Separate market structure analysis points to another pattern that may be reinforcing the selling. CryptoQuant contributor Maartunn highlighted a recurring technical setup that has played out multiple times in recent months: brief breakouts above key resistance levels followed by swift reversals.
“Deviations above the Range High keep getting sold,” Maartunn wrote. “Over the last few months, BTC has shown the same pattern three times: break above the range high, short-lived deviation, sharp move lower.”

The most recent instance occurred as Bitcoin briefly pushed above a range ceiling near $71,000 before stalling. “The latest deviation just occurred around $71K,” he noted. “If history repeats, this level may again act as a trap for late longs.”
The pattern was visible in early-October 2025 and mid-January 2026. Breakouts above local range highs were followed by rapid pullbacks, reinforcing the idea that liquidity above resistance levels has been used primarily as an exit point for sellers.
At press time, Bitcoin traded at $70,127.















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