Short-term Bitcoin holders have reported realizing losses totaling 7 billion USD, marking a specific moment in the current market cycle. Though this is the highest loss recorded in this period, it remains below the previous peaks from 2021 and 2022, indicating an ongoing adjustment within a possible bullish market.
As of now, Bitcoin trades at 84,322 USD, below key average price levels which act as resistance points. Current trends show significant losses for short-term holders, yet they might be selling to avoid larger losses, reflecting underlying strength in the broader market despite temporary pain.