Crypto News Today: Bitcoin Falls 29.4% from ATH, Is a Rebound Near?

The Bitcoin price currently shows major volatility that resulted in a 3.7% decrease to reach $76,899 in the last 24 hours. Recent price activity shows Bitcoin falling to $76,899 after reaching its historical peak at above $109,000 in January. Shareholder dynamics in the Bitcoin community and broader crypto market show substantial changes according to on-chain analysis during this selling-pressure period. A recent analysis highlights an ongoing transition between short-term and long-term holders, potentially influencing future market trends.

Bitcoin Faces Selling Pressure While Ownership Dynamics Evolve

As of April 10, Bitcoin is trading at $76,899, down 3.7% over the last day – a noteworthy 29.4% from its peak of almost $109,000 in January. Bitcoin is facing challenges to reach $80,000 because ongoing selling activities throughout the cryptocurrency market remain strong. Bitcoin price variations receive media attention, but the analysis of Bitcoin’s ownership distribution changes has emerged as a significant trend. The on-chain data shows short-term holders are moving out of positions, yet long-term holders keep buying, thus indicating potential market growth.

Short-Term Holders Exit, Long-Term Holders Accumulate

Recent on-chain analysis by CryptoQuant contributor Onchained highlights a structural shift in Bitcoin ownership. Over the past week, Bitcoin has experienced a ~15% drawdown, dropping from $88,000 to $74,400. Bitcoin short-term holders (STHs) experienced a total $10 billion cap loss, which became the biggest recorded throughout the current cycle on April 7.

Chart 1 – Published on Trading View, April 10, 2025

STHs in Bitcoin decided to sell their holdings while enduring price losses. An almost equal amount of $9.7 billion from long-term holders (LTHs) raised their realized cap while STHs sold their Bitcoin positions. Stronger investor hands purchase Bitcoin from inexperienced buyers, which shows their faith in Bitcoin’s future worth.

Chart 2 – Published on Trading View, April 10, 2025

The fact that realized losses from STHs had decreased to $693 million by April 8 suggested a reduction in panic selling. Despite the slow price recovery, LTHs kept accumulating Bitcoin, which increased their cost base by an additional $1.13 billion and strengthened their long-term commitment. Similar patterns have previously been seen close to market bottoms, when supplies moved from speculators to strong holders ahead of a possible comeback. According to analysts, this pattern may indicate the start of a market recovery or a late-stage downturn.

Future Outlook: Is Bitcoin Nearing a Reversal?

Bitcoin’s projected price trajectory will experience major effects based on the differences in actions between short-term and long term investors. STHs reducing their holdings can reduce the market pressure which may lead to Bitcoin stabilization. LTHs accumulation demonstrates powerful enthusiasm for Bitcoin’s value in the market.

The acquisition patterns of extended-term holders throughout past market cycles regularly signal upcoming market restoration and price trend shifts. Although external variables like macroeconomic circumstances and regulatory changes will undoubtedly play a vital part in its trajectory, Bitcoin may be on the verge of recovery if this pattern continues.

Final Thoughts: Bitcoin’s Ownership Shift – A Sign of Recovery on the Horizon?

Bitcoin’s recent price correction has sparked significant changes in ownership dynamics, with short-term holders offloading their holdings while long-term holders accumulate. The typical pattern unfolds when markets reach bottoms or early stages of recovery, implying potential market stability. However, it is still unclear whether a complete recovery will take place. On-chain data indicates significant structural shifts that may impact Bitcoin’s price trajectory in the coming months.