Bitcoin Short-Term Holder Value Nears 2024 Lows Amid Market Decline
Bitcoin's short-term holder market capitalization has dropped to $236.2 billion, nearing its lowest since mid-2024.
This decline indicates deepening losses among recent buyers who are selling below cost amid the current market downtrend.
Technical analysis highlights critical support levels at $63,800 and $62,400; holding these could lead to a rebound toward $67,000, while breaking them risks a further drop to $60,000.