📉 Short-term holders are dumping their coins.

Over the past 24 hours, short-term investors have sold approximately $2.2B worth of $BTC, locking in losses. Long-term investors are also selling their assets, but their approach has yielded them a profit of approximately $3.4M.

Panic among short-term investors could herald a quick market reversal, as this often happens when people dump their excess passengers and begin to gradually reverse the price.

Negative market dynamics continue, with spot $BTC and $ETH ETFs seeing significant outflows this week. The Fear and Greed Index has fallen to 28, symbolizing fear among traders. Many may be tempted to short the market now, thinking we're entering a full-blown bearish trend, but this would likely be a mistake.

It's too early to draw such conclusions, and the best solution would be to refrain from trading. By taking on a bunch of shorts, you'll most likely hit a bunch of stops, so be careful and don't give in to the general panic.a