Bitcoin’s market is indicating a potential reset as the gap in realized losses widens. Over 80% of these losses come from short-term holders. Long-term holders still enjoy profits, but their momentum is slowing down, suggesting a possible shift in the market dynamics.
Bitcoin is trading at approximately 83,794 USD, below its key support level of 85,064 USD. The market may see a cooling phase, with potential retraction towards the 80,000 USD zone unless long-term holders stabilize their selling actions.