Recent data reveals a troubling trend for Bitcoin: short-term holders are exiting, and overall demand momentum has plunged to historic lows. Could this signal a coming price correction?

Retail Investors Pulling Back

• 15% drop in short-term holders (STHs) since late May
• Only 4.5M BTC held by STHs vs. 5.3M previously
• Demand growth slowed to 118K BTC/month (from 228K)

STHs typically fuel bull runs by buying from long-term holders. Their retreat suggests weakening retail interest.

Institutional Demand Also Cooling

• Whale accumulation rate halved (1.7% vs. 3.9%)
• ETF daily purchases dropped 66% since April
• Futures traders increasingly shorting BTC near $105K

The Bullish Counterpoint

Despite the slowdown, major players keep accumulating:
✅ BlackRock added $1.4B BTC this week (670K total)
✅ MicroStrategy bought 10,100 BTC ($1.05B)
✅ MetaPlanet hit 10,000 BTC milestone

What’s Next for Bitcoin?

With BTC stuck between $100K-$110K, the market faces a tug-of-war:

• Bear case: Weak demand could trigger drop below $100K
• Bull case: Institutional buying may prop up prices

Key levels to watch:

• Support: $100K psychological floor
• Resistance: $110K breakout point