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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

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    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

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    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

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    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

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    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    a new collection of NFT stamps inspired by Mozart and Hedy Lamarr

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Too Early? ‘Networked’ Fashion Label 9dcc Is Shutting Down

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    Trump’s controversial memecoin dinner elicited mixed responses from attendees

    NFT sales drop to $129.8m, Avalanche sales surge 200%

    NFT sales drop to $129.8m, Avalanche sales surge 200%

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    How Soneium’s Mini-Apps on LINE Could Pave the Way for Mass Web3 Adoption in Asia

    How Soneium’s Mini-Apps on LINE Could Pave the Way for Mass Web3 Adoption in Asia

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    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

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    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

    The Biggest Games Releasing in June 2025

    The Biggest Games Releasing in June 2025

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    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    The Biggest Shutdowns So Far in 2025

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

  • Blockchain
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    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

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    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

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    LFG Boosts Token Launches with Community Power

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    Polyhedra Network launches Proof Cloud in open beta

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  • AI
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    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

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    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

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  • Guides
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    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

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    What Is Blockchain? Blockchain Technology Explained for Beginners

  • Analysis
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    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    IOT in E-Commerce Market Is Going to Boom | Major Giants Amazon,Alibaba,eBay

    Enhancing Security in Online Gambling with Blockchain Technology

    Enhancing Security in Online Gambling with Blockchain Technology

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    Blushush by Sahil Gandhi and Ohh My Brand by Bhavik Sarkhedi Partner to Revolutionize Brand Strategy and Personal Branding

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    How to Play Treeverse: Beginner’s Guide to Gameplay, NFTs, and Tokenomics

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    Intellivix Targets Global AI Surveillance Market with ‘False Alarm Elimination’ Gen AMS

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The Future of Gambling: How Casino Sites Are Leveraging Web3

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

    The most potentially profitable investment method in 2025 is through PairMiner crypto cloud mining, earning passive income daily.

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    GameFi Q1 2025 Report: User Growth, Chain Activity, and Revenue Trends

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    Brain-Computer Interface Market Value, Trends, and Demand Insights | Scope By 2032

  • Metaverse
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    Shib: The Metaverse – Part of the Expanding Shiba Inu Ecosystem

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    Experience to Earn: Everdome’s Metaverse Frontier

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    Beyond Bots: Meta Motivo and the Dawn of Humanlike Digital Life

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    Exploring NetVRk: What Is Behind This AI-Driven Virtual Universe?

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    Council of Europe Highlights Metaverse’s Impact on Privacy and Democracy

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    Meta Cancels Next-Gen Headset Amidst Changing Market Landscape

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    Carrieverse and Disney Ink Content Deal

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    SYKY Bridges Digital and Physical Fashion with Apple Vision Pro

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    Somnia Launches Playground App to Empower Metaverse Creators

  • NFT
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    NFT Market Slips in May Despite Buyer Growth and Gains From Bitcoin, Avalanche

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

    NFT Market Sees Mixed Results, Polygon Leads While Ethereum Collections Rebound

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    Performance Art Duo Operator ‘Make Movement Collectible’ With NFTs

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

    NFT Market Sees $3.91M Volume on OpenSea Amid CryptoPunks’ Dominance

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    Courtyard Tops Sales, Doodles Leads in Growth

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    Trump’s controversial memecoin dinner elicited mixed responses from attendees

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    NFT sales drop to $129.8m, Avalanche sales surge 200%

  • Gaming
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    How Soneium’s Mini-Apps on LINE Could Pave the Way for Mass Web3 Adoption in Asia

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    Solana Meme Coin Bonk Launches ‘Kill-to-Earn’ Shooter Game

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    Yuga Labs Offloads Moonbirds to OCG – Vision, Plans & Market Reaction

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    Earn 5x GUN Tokens Monthly: A Complete Guide to Off the Grid Battle Pass

    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

    GameStop Buys Bitcoin, More Ethereum Games Close Up Shop

    The Biggest Games Releasing in June 2025

    The Biggest Games Releasing in June 2025

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

    Dæmons Taps Orochi Network to Power GameFi with Verifiable On-Chain Data

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    The Biggest Shutdowns So Far in 2025

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

    PCM Wallet Announces Collaboration with DegenVerse to Redefine Web3 Gaming

  • Blockchain
    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    Capturing the Growth of Asset-Backed Finance via Blockchain-Enabled Opportunities

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    MetaMask Users Can Now Link Binance and OKX Accounts to Their Portfolio Dashboard

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    NetMindAI Partners with Neurochain AI to Revolutionize Decentralized AI Services

    LFG Boosts Token Launches with Community Power

    LFG Boosts Token Launches with Community Power

    Polyhedra Network launches Proof Cloud in open beta

    Polyhedra Network launches Proof Cloud in open beta

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    It’s a Different Sort of Olympics as Cryptographers Face Off in Polyhedra’s ‘Proof Arena’

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    SoonVerse Partners with Arris to Enhance User Experience

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Metaplex Deploys Product Suite on Sonic SVM, Enhancing Solana’s Gaming Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

    Space and Time Becomes ZK Coprocessor in Karak’s Ecosystem

  • AI
    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    Bitcoin Miner Bit Digital Diversifies Into AI for ‘Substantially Higher Margin’ Than Mining

    ETH Daddy Discusses Ethereum and AI

    ETH Daddy Discusses Ethereum and AI

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    How decentralization can mitigate ‘dystopic’ artificial intelligence risks: SingularityNET exec

    ChatGPT is a tad too enthusiastic about Ethereum’s prospects

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    UAE emirate launches new free zone for digital assets, Web3 and AI

    UAE emirate launches new free zone for digital assets, Web3 and AI

  • Guides
    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Yield Farming in Crypto? A Beginner’s Guide to DeFi Income

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    What Is Asset Tokenization? Types, Why It Matters Now [2025]

    Key Innovations, Challenges, and What Comes Next

    Key Innovations, Challenges, and What Comes Next

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    What Is Crypto Margin Trading? A Beginner-Friendly Guide to Leverage

    Types, Use Cases and Why They Matter

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    What’s the Real Difference for Beginners?

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    What Is Circulating Supply in Crypto? A Beginner’s Guide to Token Supply

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    The Main Differences Between Crypto Exchanges

    What Is a DEX? How DEXs Work and Why They Matter

    What Is Blockchain? Blockchain Technology Explained for Beginners

    What Is Blockchain? Blockchain Technology Explained for Beginners

  • Analysis
    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    Bitcoin Sees Historic Rise in Shark and Whale BTC Wallets, Records New High: Santiment

    An SBF Testimony Could Add ‘Decades’ to His Prison Sentence, According to Lawyer – Here’s Why

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    Solana, XRP and One Ethereum Rival Leading Institutional Inflows in 2023: CoinShares Data

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    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Estate of Bankrupt Crypto Exchange FTX Abruptly Stakes Over $144 Million in Solana (SOL)

    Dogecoin Bull run

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    Benjamin Cowen Warns Majority of Altcoins Will Never See New All-Time Highs Again Amid ‘Serious Declines’

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    Top Trader Sees Bitcoin Skyrocketing 570% in Next Bull Market Amid Soaring US Debt Levels

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

    The #1 CopyTrading Exchange-Bitget Turns 5, $100 Bonus for Newcomers

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Bitcoin: Selling BTC at a loss? Well, here’s the bright side…

April 6, 2024
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Bitcoin: Selling BTC at a loss? Well, here’s the bright side…
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  • Bitcoin’s price crossed $67K, hinting at a further bull rally 
  • Several metrics also seemed bullish for the cryptocurrency

While Bitcoin’s [BTC] price remained in a consolidation phase, short-term holders sold a substantial amount of BTC on exchanges at a loss. The sudden sell-off might actually turn out to be good news for BTC though, as it can help initiate a bull rally in the coming days. 

Short-term holders are selling Bitcoin

Alex, a popular crypto-analyst, recently shared an interesting development regarding short-term holders. As per the tweet, from 19 March to 4 April, STHs sold 106.8K BTCs at a loss on exchanges.

Here, it is interesting to note that STHs also sold BTC at a loss in January. When that happened, BTC’s price gained bullish momentum, which eventually resulted in Bitcoin touching a new all-time high. Therefore, this is a hopeful sign for a price uptick in the coming days.

However, it must also be noted that the amount of BTCs sold by STHs in January accounted for almost three times more than what they sold in between March and April.

Additionally, AMBCrypto’s look at CryptoQuant’s data revealed that Bitcoin’s short-term holder SOPR registered an uptick after declining on 2 April. Historical data suggests that whenever these metrics move up, BTC’s price also follows a similar trend of increment.

Source: CryptoQuant

In fact, at the time of writing, BTC’s price action was already showing signs of recovery as it crossed $67k – A psychological resistance level. Over the last 24 hours alone, it was up by almost 2% on the charts.

Is there a bull rally around the corner?

AMBCrypto’s analysis of CryptoQuant’s data revealed that BTC’s exchange reserve has been dropping too, meaning that overall selling pressure is low. The coin’s binary CDD was green, meaning that long-term holders’ movements in the last 7 days were lower than average.

See also  Bitcoin fees soar: Should you be concerned?

READ ALSO

Bitcoin nears $91K as buying pressure soars, but challenges emerge

Spot Bitcoin ETF Options – How U.S exposure is set to soar after CFTC’s notice

Everything on the derivatives side looked optimistic as well. BTC’s funding rate was hiking. However, Bitcoin’s taker buy/sell ratio raised a red flag as it suggested that selling sentiment was dominant in the derivatives market.

Bitcoin's funding rate was increasing

Source: CryptoQuant

To better understand whether a rally is possible, AMBCrypto analyzed BTC’s daily chart. Our analysis pointed out that both BTC’s Chaikin Money Flow (CMF) and Money Flow Index (MFI) registered slight upticks, indicating that there were chances of northbound price movement. 


Read Bitcoin’s [BTC] Price Prediction 2024-25


If a bull rally happens, it is important for BTC to cross $71k before it targets its ATH. Nonetheless, the Relative Strength Index (RSI) remained in the sellers’ favor as it went down over the last few days. 

Source: TradingView

Next: How MATIC whales getting ‘greedy’ can push altcoin to $1

Tags: BitcoinBrightBTCHereslossSellingSide

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