
CryptoQuant data suggests that short-term Bitcoin holders are undergoing their deepest capitulation phase of the year. In the previous 24 hours, about 53,800 BTC moved to exchanges below their acquisition cost, and profit-taking activity dropped to negligible levels. This created the biggest loss-led transfer event among short-term holders in 2026.
Much of the selling pressure appears to have come from traders who bought Bitcoin near the recent $80,000 high. As the market retreated, many of these investors chose to send their holdings to exchanges and exit positions, reinforcing the broader capitulation trend.
Source: CryptoQuant