Bitcoin fell more than 10% from its May 8 peak of $82,000 and is now trading near $73,500, prompting increased selling by short-term holders. Investors who have held BTC for less than six months accounted for most of the recent loss-taking activity. Over the past 24 hours, Bitcoin sent to exchanges recorded a net loss of about 1,300 BTC, indicating stronger selling pressure. The shift matters because it highlights weakening sentiment among newer investors. Next, traders will watch whether selling eases or intensifies as Bitcoin tests support levels.
The post Bitcoin Correction Triggers Loss Selling Among Short-Term Holders appeared first on Coinpedia Fintech News Bitcoin fell more than 10% from its May 8 peakThe post Bitcoin Correction Triggers Loss Selling Among Short-Term Holders appeared first on Coinpedia Fintech News Bitcoin fell more than 10% from its May 8 peak
Bitcoin Correction Triggers Loss Selling Among Short-Term Holders
For feedback or concerns regarding this content, please contact us at [email protected]
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact [email protected] for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.
You May Also Like
Circle blocks $12.6M USDC tied to Zama privacy protocol
Circle has reportedly frozen about $12.6 million worth of USDC tied to Zama’s confidential contract, a move observed by on-chain researcher ZachXBT. The USDC in
Share
Crypto Breaking News2026/05/31 04:24
Egyptian foreign minister to meet Putin over Iran conflict
The post Egyptian foreign minister to meet Putin over Iran conflict appeared on BitcoinEthereumNews.com. Egypt’s foreign minister plans to meet with Putin to discuss
Share
BitcoinEthereumNews2026/04/02 18:00
Bitcoin treasury sell-off accelerates as Riot, Bhutan, and public companies exit positions
The post Bitcoin treasury sell-off accelerates as Riot, Bhutan, and public companies exit positions appeared on BitcoinEthereumNews.com. Those who rushed into bitcoin
Share
BitcoinEthereumNews2026/04/02 18:29
