Short-Term Bitcoin Holders Offload 36,600 BTC at a Loss After $76K Test

Short-term holders capitulating over 36,600 BTC at a loss after the drop to $76K signals forced deleveraging and exhausted near-term conviction. Loss-driven exchange inflows typically precede elevated realized selling and weaken support, raising the odds of continued volatility. Watch whether these coins are absorbed by spot demand or add to overhead supply.