Short-term BTC investors panic as prices drop to $80,000
Short-term Bitcoin investors panicked and sold their assets at a loss as the price dropped to the $80,000 level. This is significant because such large-scale capitulations often signal the formation of a local bottom and can lead to a subsequent price rebound.
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According to CryptoQuant data, these sharp sell-offs by short-term holders are frequently followed by a price recovery, making the current situation a potential turning point for the market.
Going forward, we may see price stabilization and gradual growth if this wave of mass selling marks the end of the downturn.
