Bitcoin’s short-term holders offload $2.4 billion amid price drop below $95,000

Bitcoin’s price dropped sharply below $95,000 on Jan. 8, erasing gains made earlier in the week when it briefly surpassed $100,000.

Data from CryptoQuant reveals that short-term holders (STHs)—investors holding Bitcoin for less than 155 days—were key players in this sell-off. Over 26,000 BTC valued at more than $2.4 billion were moved to exchanges at a loss.