Data: This week, Bitcoin "paper hands" transferred a loss of 15,000 BTC, while long-term holders are absorbing the selling pressure.

BlockBeats News, June 20, Cointelegraph reported that CryptoQuant on-chain data showed that short-term Bitcoin holders transferred 15,000 BTC at a loss this week, increasing the likelihood that the price will fall below $100,000. 959 BTC were transferred to trading platforms in the red on Monday, surging to 16,700 on Wednesday, while the BTC price fell from $106,500 to $103,500 over the same period. This behavior reflects the tendency of short-term holders to panic sell when prices fall, often leading to losses. When these “paper hands” exit the market, their Bitcoin holdings are usually transferred to long-term holders, helping to stabilize the market and form a more solid bottom price. According to the STH-LTH Net Position Change chart, short-term holders have been actively selling over the past month, while most of the sell-off has been absorbed by long-term holders. This dynamic may have played a key role in keeping the BTC price above $100,000.