Short-term Bitcoin holders recently sent a significant amount of BTC (21,200) to cryptocurrency exchanges. This action coincides with the start of the Bitcoin distribution phase, which appears to be driven by investor concerns about the impending correction. Analysts believe this shift in trading patterns is a response to the recent price decline that has taken BTC below $110,000 after hitting an ATH at $124,457. The current market dynamic suggests a potential correction, leading many short-term holders to offload their positions and sell for profit as they navigate the anticipated downturn. 30 days ago, Bitcoin reached its all-time high price of $124,457, but now faces a significant drop in price. Experts predict that this correction could lead to BTC prices falling below the $100,000 mark and potentially dropping below $93,000 after hitting a temporary high around $124,457. The expected sell-off is partially fueled by speculation of the upcoming Fed rate cut in September, which is anticipated to impact both stock and crypto markets.