Bitcoin’s 30k plunge – short-term holders sell off BTC, long-term holders unfazed

Quick Take

Profit Taking

• After the SVB collapse in March, long-term holders (Blue) took the most profit for over a year.
• While short-term holders (red) bought the bottom of the dip and then offloaded the Bitcoin (BTC) for profits immediately — the same happened during Luna and FTX.

Loss Taking

• After Bitcoin lost its $30,000 support, we have seen a rise in loss-taking from short-term holders — selling off over 40,000 BTC in the past seven days. This cohort bought the local top. 
• At the same time, we have seen a slight capitulation from long-term holders — selling off roughly 10,000 BTC in the past seven days. 

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