TLDR:
- Over 30,000 BTC worth $ 3.3 billion hit exchanges with loss when short -term holders are surrendered.
- The Bitcoin Prize is close to the short-term proprietor, historically realized an important support level.
- Value wallets booked $ 210 million in realized losses and signaled stress even among large holders.
- The price fell to $ 111,480 before recovering over $ 112,000, with resistance liquidity close to $ 118,000.
Bitcoin price is locked at a make-or-break level. Sales pressure has increased and short -term holders pay out in case of losses. Market offenders are now looking at whether support holds or provides space for deeper sales.
The last 24 hours have seen more than $ 3.3 billion in emergency sales exchanges. Large holders also risk and place more weight to the baisse -like pressure.
Short -term holders realize heavy losses
According to Cryptoquant, over 30,000 BTC moved to exchanges with a loss this week. This corresponds to more than $ 3.39 billion at the current market price of $ 113,000 per BTC. Analysts said this behavior fits the classic profile of short -term capitulation, when Last buyer output below cost.
Short -term holder Sopr fell sharply below 1, a metric confirming losses is locked in the chain.
The sale coincides with Bitcoin, which sits exactly on the short -term holder realized price, the average cost base for these wallets. Historically, this price has served as support during sales.
Even larger wallets are not immune to the pressure. New election addresses realized losses worth $ 184.6 million, with Older whales add An additional $ 26.3 million in realized losses. Cryptoquant noted that this shows that Derisking is not limited to the retail trade, which makes the support test more important.
The market players are now looking at whether this level holds, as a break can speed up the capitulation. If buyers defend it, a short -term bounce can follow.
Short -term holder (Sth) Capitulation is here
Bitcoin’s Sth Sopr just dropped sharply below 1.
This means that Sths now realizes losses, a classic sign of panic sales on short -term cohort.
Let’s unpack what’s going on 🧵👇 pic.twitter.com/6ngkjdu2lw
– Cryptoquant.com (@cryptoquant_com) September 23, 2025
Bitcoin Price faces important liquidity zones
Trading Different reported that BTC fell to $ 111,480 before jumping back to shop close to $ 112,560. This flush cleared used long positions built in that zone. Analysts observed that upward liquidity begins about $ 118,000 and could act as resistance to a recovery attempt.
On the disadvantage is liquidity around $ 110,500, a level that can attract price measures if sales pressure increases. Heatable data shows that the price is chasing liquidity where most positions can be liquidated.
Coolatecko data shows Bitcoin trading to $ 112 903, with $ 48.8 billion in 24-hour volume. The coin is down by 2.2% over the past week. If Bulls defends the current level, it can mark a local bottom. If not, trader expects a sharper drop.
