Bitcoin has undergone a near 10% correction in the past two days, sparking questions about the end of this correction phase. A focus on short-term investors, who hold their Bitcoins for less than 155 days, reveals interesting insights. These investors significantly impact the market and are often swayed by emotions.

Three metrics were used: Short-term Holder SOPR, BTC Short-Term Holder Net Profit Loss to Exchanges, and Net Taker in perpetual swaps. The SOPR shows that short-term investors have been selling their Bitcoins at a loss in the last two days, but a return above the 1 level indicates a decrease in selling pressure.

Similarly, BTC transfers to exchanges by short-term investors show a halt in realizing losses. The Net Taker metric reveals a massive -$899M net volume, the largest this year, due to misinformation about the U.S. Government selling 30k BTC.

These indicators suggest that selling pressure is weakening, and the market is poised for the next move. While the correction phase might be nearing its end, unexpected events or negative news could trigger a BTC price drop. This analysis is not investment advice, and past performance does not guarantee future results.