Bitcoin Short-Term Holders Engage in Panic Selling Amidst Price Slide
Bitcoin Short-Term Holders Engage in Panic Selling Amidst Price Slide
Bitcoin has experienced a significant price correction, falling through $65,000 towards $60,000. This downturn has prompted panic selling among short-term holders and represents Bitcoin's worst weekly performance since late 2022. Analysts are debating whether this marks a market capitulation or merely a necessary leverage reset.
Bitcoin’s slide through $65,000 and toward $60,000 felt like a stress test the market had been postponing. The move was sharp enough to force a reset in positioning, and broad enough to pull the conversation away from single-catalyst explanations. Even mainstream media described the week as Bitcoin’s worst weekly performance since late 2022, with price briefly...