Exchange Ranking
Top Exchanges
24h Volume Ranking
Popularity Ranking
Exchange BTC Balance
Proof of Reserves
Decentralized Exchanges
Funding Rate
Funding Heatmap
Liquidation Data
Max Pain
Long/Short Ratio
Whale L/S Ratio
Binance/Okex/Huobi L/S
Bitfinex Margin L/S
ETF Tracker
Solana ETF
XRP ETF
Hong Kong ETF
Bitcoin Treasuries
Crypto Reversal
Ethereum Reserves
HyperLiquid Wallet Analysis
Hyperliquid Whale Watch
Large Transactions
On-chain Movement
Bitcoin ROI
Stablecoin Market Cap
Options Analysis
News
Articles
Economic Calendar
Features
Wallet
Contract Calculator
Security
Collections
Watchlist
Following
BTC Capitalization of short-term holders of Bitcoin fell to US$236.2 billion, close to the lowest level since mid-2024. Net realized losses have deepened further as buyers have recently sold below cost during Bitcoin's 2026 market decline. Bitcoin must hold on to $63,800 and $62,400 or risk the next chart target of $60,000. Option skew suggests a recent easing of panic, while long-term traders still hold expensive downside protection. Bitcoin's fall towards $64,000 has exacerbated recent losses for buyers and put direct pressure on several high-profile support levels. On-chain data showed that capitalization of short-term holders fell to US$236.2 billion, close to the lowest level since mid-2024.
Analysts cited CryptoQuant data to show that the indicator fell below an important benchmark in 2024 for the second time in the period shown. At the same time, net realized gains and losses remain negative, confirming that buyers have increasingly sold at prices below their bid prices in the near future.
Short-term holders 'losses deepened, with capitalization reaching US$236.2 billion.
The CryptoQuant chart recorded multiple deep red peaks during the decline in 2026, indicating that short-term holders have repeatedly realized losses. These readings became more pronounced as Bitcoin retreated further from its previous highs and approached the $64,000 area.
The decline in short-term holder value and widening realized losses suggest that weaker market participants continue to withdraw positions during the decline. However, the data did not identify buyers who received the coins, nor did it prove that the selling pressure had ended.
Capitalization shrank to US$236.2 billion, which also brought the short-term holder group close to levels around mid-2024. This decline reflects a weakening in the market value of coins controlled by recent investors.
As losses accumulate, technical support becomes increasingly important. Ali Charts pointed out that the direct decision-making level on the four-hour chart is $63,800. His analysis believes that if this support remains intact, the recovery target is $67,000.
Focus on Bitcoin at US$63,800. If this level holds as support, I expect it to rebound to $67,000. But if it falls below, the next downside target will be around US$60,000. -- Ali Charts
However, the same chart shows that if a break below $63,800 is confirmed, the next downside target is around $60,000.
Bitcoin US$63,800 -62,400 zone defines next downside test
Similarly, Titan's cloud map analysis has intensified technical pressure. According to the analyst's chart, Bitcoin closed below the daily Tenkan line, and attention turned to the Kijun line near $62,400. This level is now below the direct horizontal support level determined by Ali Charts.
Bitcoin lost Tenkan at the daily close.
