Recent Bitcoin market data reveals a -18.4% profit/loss margin, mirroring the lows of 2022, indicating potential stress among traders. This coincides with increased activity from mid-term holders (6-12 months) who have started spending their holdings. The pattern is similar to past events where this group capitalized on market peaks before selling, leading to market consolidations. The current market decline does not signify a bearish turn yet, but it warrants attention due to the combination of negative profit/loss margins and increased sales from these holding groups. Whether the market experiences a temporary consolidation or further decline remains to be seen. The historical trend shows potential for buying activity if the market stabilizes.