Bitcoin Risks $73K as Short-Term Holders Sell at Loss

CryptoQuant’s short-term holder net profit and loss to exchanges turned negative at -3,022 BTC, its first negative reading in 72 days. Glassnode identifies $75,800 as a potential retest level, noting that a pullback to the short-term holder cost basis could remain consistent with an uptrend. Analyst flags $73,000 as a downside level, while Bitcoin faces immediate support at 76,000–77,000 and resistance between $78,000 and $82,000. Bitcoin’s decline toward $77,000 has raised concerns as short-term holders begin sending coins to exchanges at losses.