Bitcoin Price Drops: Short-Term Holders Realize Losses, Institutional Activity Remains

Bitcoin’s price has experienced a noticeable drop this week, falling from around $126K to approximately $116K. This decline marks a substantial decrease of 7-8% over the past seven days, with the steepest slide occurring between August 15th and 16th. Despite the correction, recent data suggests potential for stabilization. Short-term investors are now realizing losses on their Bitcoin holdings, marking the first instance of such activity since early 2023. This trend is particularly noteworthy as it may suggest a period of market adjustment.