Bitcoin short-term holders sell at loss for first time in 72 days

On-chain data shows newer Bitcoin buyers sending coins to exchanges underwater as price hovers near $80,000 Bitcoin’s newest holders just hit an uncomfortable milestone. For the first time in 72 days, short-term holders sent coins to exchanges at a loss rather than a profit. That shift matters because these traders are usually the market’s mood ring. When they start selling underwater, it tends to say something about where sentiment is heading. The numbers behind the flip On October 27, 2026, the net profit metric tracking short-term holder exchange inflows fell to -18,600 BTC. Just one week earlier, that same reading sat at +10,400 BTC. The share of profitable inflows tells the same story. For the week ending October 27, 2026, only 16% of short-term holder exchange inflows were in profit, down from 75% the week before. Glassnode data adds another layer. As of October 26, approximately 70% of short-term holder supply was in profit. In late September 2026, that figure was near 100%. So within roughly a month, the group went from almost entirely green to carrying a meaningful chunk of losses. All of this is unfolding as Bitcoin’s price hovers near $80,000. Who counts as a short-term ...