Data Shows Young Crypto Addresses Sold 36% of Their Holdings at a Loss in the Last Month

On-chain data shows that short-term holders sold off significant portions of their BTC holdings during the recent market crash.

Highlights

• Bitcoin price dropped by $10,000 in less than a week.
• Short-term holders sold off significant portions of their BTC holdings during the recent market crash.
• Data from IntoTheBlock shows addresses holding BTC for less than one month decreased their supply by 36% over the past 30 days.
• These traders followed the price action of $BTC, and as the price started to fall, they sold at a loss, the data shows.

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