Bitcoin short-term holders shift from capitulation to profit-taking as BTC surges to $77K

A week is a long time in Bitcoin. On August 17, just 26.1% of Bitcoin’s short-term holder supply was sitting in profit. By August 24, that number had nearly tripled to 74.9%, according to CryptoQuant data. The catalyst: a roughly $14,000 price swing that took BTC from approximately $63,000 to $77,000 in seven days. The shift represents one of the fastest sentiment reversals among short-term holders, those who’ve held their coins for fewer than 155 days, in recent memory. And it’s already changing how these investors interact with exchanges. From panic selling to profit collecting The numbers tell a clean story. On August 16, net short-term holder exchange inflows registered at -18,700 BTC. That negative reading means more coins were leaving exchanges than arriving, a classic sign of holders pulling back from the market during periods of loss. The following day, August 17, showed a similar pattern at -11,900 BTC. Then the reversal hit. By August 24, net STH exchange inflows had flipped to a positive 28,600 BTC, meaning short-term holders were actively depositing coins on exchanges, typically a precursor to selling. CryptoQuant analyst Axel Adler Jr. flagged the shift, noting that th...