Bitcoin Faces Sell Pressure as Short-Term Holders Struggle at $78K

• Price struggles below $99K cost-base of recent buyers.
• Short-term holders are losing due to Bitcoin hovering around $78,000.
• Weak demand and liquidity constraints stand in the way of a Bitcoin recovery.

Selling pressure continues to weigh heavily on Bitcoin (BTC) as one more factor is in short supply; the short-term holders of Bitcoin have loomed to sell, with the price oscillating through $78,000. The sell was accentuated due to volatility, weak demand, and liquidity constraints, leading up to a situation where even less meaningfully aggressive accumulation fails. On March 10, 2025, the price for Bitcoin was sitting at around $78,000. 

Short-term holders who have held BTCH anywhere between one week up to one month and one up to three months have, however, about a price base of $99,000 and $91,000, respectively. These levels are much higher than the $78,000 price Bitcoin is currently trading at. Therefore, a substantial number of recent buyers are saddled with losses; a loss continues to weigh heavily as opposed to any constructive risk-to-reward.”

Capital Outflow and Problematic Financial Circumstances for Short-Term Holders

An analysis of Bitcoin’s capital flows shows that the short-term holder is obviously under pressure, as evidenced in the chart. The capital flow for holders with a one-week to one-month holding period is under control, as their cost base has been at $99,000, while the current selling price is beginning to slide below $78,000. On the other hand, holders with one-month-to-three-month holding periods have a cost base of $91,000. 

The market is having a hard time breaking past those levels, which leads to heavier sell-offs from all these holders who bought at these inflated prices. As short-term holders sweep, speculative panic will add to ongoing selling pressure, complicating Bitcoin’s price recovery journey. 

Key Resistance Ahead and Bitcoin’s Next Move

The capital flows indicate Bitcoin’s price behavior was recently influenced by short-term holders entering the market during the recent rally. These short-term holders have suffered considerably now that market prices are situated well below their cost bases. 

The data indicates that, as of March 2025, the price of Bitcoin is far from setting a solid station above those cost bases, putting it on shaky grounds for a little more downward movement if those support levels do not hold. The chances are moot at this time for these buyers to remain betting on some buyers to accumulate at favorable prices, indicating that the market may probably be stuck in a holding area for some time with very little upward price momentum.

Liquidity Constraints and Its Effect on Accumulation

These liquidity constraints are yet another hindrance that makes any meaningful accumulation difficult. The absence of genuine demand to push Bitcoin’s price over some key levels, such as those here, was arguably instrumental in denting capital inflow. The well-established chart establishes a negative capital flow from short-term holders, which means that market players are currently not adding to their positions. Any Bitcoin in these conditions would have a hard time holding its head above water.