Short-Term Holders Move 46,524 Bitcoin to Exchanges: Profit-Taking And Capitulation Mix

Bitcoin is once again facing critical conditions, with the price retesting the range lows near $110,000 following a volatile and uncertain ￰0￱ Friday’s massive crash, which wiped out billions in leveraged positions, bulls are struggling to regain control and establish a stable ￰1￱ broader market remains cautious, as traders weigh whether the current level can hold or if another wave of selling could push prices ￰2￱ the pressure, some analysts see potential signs of resilience if Bitcoin can maintain support in this ￰3￱ to top analyst Maartunn, recent on-chain activity reveals an important shift in market ￰4￱ the last 24 hours, Short-Term Holders (STHs) have sent 46,524 BTC to exchanges, signaling active repositioning after the latest ￰5￱ behavior often marks a short-term reset, allowing the market to absorb profit-taking and capitulation ￰6￱ Bitcoin hovers around key support, holding this range could determine whether the market is preparing for stabilization or another leg ￰7￱ Enters New Phase As Market Seeks Direction According to Maartunn, the latest on-chain data reveals a critical rebalancing phase among Short-Term Holders (STHs) following the recent market ￰8￱ the past 24 hours, these investors sent 46,524 BTC to exchanges, marking one of the largest movements in recent ￰9￱ that total, 32,279 BTC were sent in profit, while 14,245 BTC were moved at a ￰10￱ pattern reflects a market dynamic in which some investors are locking in gains after the latest recovery attempt, while others are cutting losses to reduce exposure amid ￰11￱ notes that such activity is typical in the aftermath of sharp ￰12￱ often signals the process of cleansing excess leverage and emotional trading — an essential step toward restoring equilibrium in the ￰13￱ type of rebalancing phase usually precedes the formation of a short-term or mid-term bottom, as selling pressure from both profit-takers and panic sellers gets absorbed by stronger ￰14￱ coming days will be decisive in determining whether Bitcoin can stabilize near the $110,000–$112,000 range and build the foundation for a ￰15￱ the price holds, it could indicate that the market has found a sustainable floor, paving the way for renewed accumulation and confidence among investors.

However, a breakdown below this zone could reignite fear and lead to another round of ￰16￱ Tests Key Support as Momentum Weakens Bitcoin is currently trading near $110,800, testing a crucial support zone after failing to hold above the $115,000–$116,000 resistance ￰17￱ 12-hour chart shows that BTC continues to struggle with downward pressure following last week’s crash, as market sentiment remains fragile and volatility ￰18￱ rejection from the $117,500 level — a major supply zone that has capped rallies since early September — triggered renewed selling, pushing the price back below the 50-day (blue) and 100-day (green) moving ￰19￱ breakdown highlights weakening short-term momentum, with the 200-day MA (red) now positioned near $111,000, acting as the last significant line of defense for ￰20￱ Bitcoin closes decisively below this level, it could signal a deeper correction toward $107,000–$108,000, an area of previous ￰21￱ the other hand, maintaining support here could set the stage for a rebound attempt toward $114,000–$115,000, where the next resistance cluster ￰22￱ chart reflects a neutral-to-bearish structure, with bulls needing a strong push to reclaim lost ￰23￱ coming sessions will be crucial, as sustained weakness below moving averages could extend the consolidation phase — while a bounce from current levels might confirm short-term stabilization before any broader ￰24￱ image from ChatGPT, chart from ￰25￱