The current Bitcoin market is witnessing a significant shift in its dynamics, indicated by an increasing gap between realized profits and losses amongst different types of buyers and holders. 80% of Bitcoin’s total value has been attributed to short-term holders (those who bought within the past year), who are now experiencing a sharp increase in realized losses during this recent market downturn. This suggests that many recent buyers, riding the highs of the previous bull market, are exiting their positions at a loss as volatility increases. 80% of Bitcoin’s total value is currently attributed to short-term holders (those who bought within the past year), indicating a potential shift in the market sentiment. This behavior aligns with Bitcoin’s price slide from over $100k to around $83.7k. 80% of Bitcoin’s value is now held by short-term buyers, highlighting an increase in realized losses as short-term holders face the brunt of recent volatility. Despite this dip, long-term holders continue to hold profitable positions, though their momentum is diminishing. The narrowing profit-loss equilibrium suggests a neutral market zone with decreasing inflows and stagnant price growth. This historical pattern often precedes consolidation periods or minor corrections in the market. 80% of Bitcoin’s total value is currently attributed to short-term buyers, indicating a potential shift in the market sentiment. On the 12-hour chart, Bitcoin has slipped below its 50-day moving average ($85,064) and currently trades at $83,794 as of writing this report. This technical breach and declining volume suggest diminished bullish momentum across the board. If market digestion continues with decreasing capital inflows, Bitcoin may revisit the $80k support level. However, if long-term holder profit-taking remains stable without triggering significant selling, Bitcoin could stabilize before attempting a fresh move higher. The observed dominance of short-term losses and the declining intensity of long-term profit-taking suggest a transition phase in the Bitcoin market. This data signals a cooling cycle for the market, so participants should remain cautious and patient.