Bitcoin: Short-term holders sold 148,000 BTC – will BTC maintain $96k amid selling pressure?

Short-term holders offloaded 148,000 BTC recently, driving Bitcoin to trade at 96,041 USD, reflecting a 5.91% drop in one day.

Short-term holder supply at a loss surges to an 8-month high of 4.9 million BTC, indicating widespread panic selling and further complicating recovery prospects.