- Bitcoin’s demand momentum decided to belly flop to -480k BTC. Looks like short-term holders (STHs) ditched the party first—long-term holders (LTHs) just nursed their drinks and watched the chaos unfold.
- All this short-term dumping has officially put a cork in Bitcoin’s champagne rally. Blame the FOMO crowd for being the first to leave the dance floor. 🍾🚪
So, let’s set the scene: Bitcoin [BTC] cranks out some serious gains last week. Everyone’s smug, the tea is hot, and those short-term holders who were sobbing in their portfolios yesterday suddenly wake up to find themselves rolling in it.
Congratulations, STHs, you’ve clawed your way back to profit. Underwater last week, buying caviar this week. But what do they do with this golden opportunity? They sell, of course! Greed is the new black. The STH SOPR sticking above 1 says it all—“I’m up, I’m out!”
Basically, the “sell now, regret later” crowd is having their main character moment. The plot twist? They’re not alone—everyone smelling a profit is heading for the exits.
Short-Term Holders: The Drama Queens of Crypto Exits 🏃♀️
Turns out, STH sell-pressure is on another level. The 30-day Demand Momentum isn’t just low—it’s Titanic iceberg low: -480k BTC (as per CryptoQuant). That’s not a dip; that’s an existential crisis for the chart.
Negative momentum here means STHs are tossing their coins like confetti, while LTHs are just muttering, “Call me when it’s over.”
All eyes on the exchanges now. STHs (that’s you, dear reader who bought last week) have sent 26,000 BTC sprinting to exchanges in just 24 hours. Apparently, “HODL” is just a four-letter word for them. It’s been happening for days, so if you hear a gentle splash, that’s profits hitting the market.
Nobody’s being subtle. Spot Volume Delta (7DA SMA) faceplanted into negative territory over the past three days. We’re talking -301 million. If that doesn’t scream “panic sell,” I don’t know what does.
The message: Sellers are main characters right now, buyers need a nap, and if you’re hoping for a hero comeback story, keep praying.
The Profit-Taker RSI (7D) is at 82. That’s basically the “YOLO sell everything” number. More people are *realizing* profits than *realizing* their exes were right about their spending habits. Sell pressure is raging, the bulls are trampled, and the bears are polishing their claws. 🐻
To summarise: Sellers rule the land, LTHs watch in stoic silence. The short-term crowd is running for the exit while the long-termers are practicing deep-breathing exercises.
To HODL or Not to HODL—That *is* The Question
We’re at a classic “make it or fake it” crossroads.
Short-term holders are bailing, long-term holders are busy rearranging their sock drawers. Result? Expect BTC to loiter in the $92K–$95K corridor, pretending it’s found enlightenment.
If you want BTC above $96K, someone’s going to have to confiscate the STHs’ sell buttons. Otherwise, expect the rally to fizzle like cheap prosecco at a posh party. 🥂😅
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2025-05-02 01:14