Data: This week, Bitcoin's "paper hand" lost 15000 BTC at a price transfer, and long-term holders are absorbing selling pressure

BlockBeats news, on June 20th, according to Cointelegraph, CryptoQuant on chain data showed that short-term Bitcoin holders transferred 15000 bitcoins at a loss this week, increasing the possibility of the price falling below $100000. On Monday, 959 BTC were transferred to the trading platform in a loss making state, which surged to 16700 by Wednesday. During the same period, BTC prices fell from $106500 to $103500. This behavior reflects the tendency of short-term holders to panic sell when prices fall, often resulting in losses. When these 'paper hands' exit the market, their holdings of Bitcoin are usually transferred to long-term holders, which helps stabilize the market and form a more solid bottom price. According to the STH-LTH net position change chart, short-term holders have been actively selling in the past month, while most of the selling has been absorbed by long-term holders. This dynamic may have played a key role in maintaining BTC prices above $100000.