Yello, ParadiseClub Members! 😎 Are you curious about how short-term holders react during Bitcoin’s price drops? Let’s break it down:

💎When Bitcoin prices dip, short-term holders—often referred to as “weak hands“—tend to panic-sell, frequently exiting their positions at a loss. You can see this behavior reflected in the increased purple bars on the chart, which indicate sell-offs by these short-term holders during downturns. As they exit the market, it typically leads to a transfer of Bitcoin to stronger hands, which can help stabilize the market.

💎According to our ParadiseTeam professional traders, the overall supply held by short-term holders has decreased, particularly following major sell-offs. This trend suggests that these weak hands are gradually exiting the market. The decline in selling pressure can create a favorable environment for accumulation and may even signal a price floor. Understanding how short-term holders behave is crucial for identifying potential market bottoms. So, prepare for it as weak hands leave the market.

Stay focused, patient, and disciplined Paradisers🥂

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