**Bitcoin Flash Crash: Long-Term Holders Stay Strong**

Bitcoin recently experienced a flash crash, dropping to $49,500, but long-term holders barely flinched. According to CryptoQuant, these "diamond hands" sold only around $600,000 worth of BTC during the turmoil.

- **Crash Details**: The drop was part of a broader panic as Asian stock markets tumbled.

- **Who Sold?**: The majority of BTC sold were "young" coins, less than a week old, indicating short-term holders were the ones panicking.

- **Volume Moved**: Over $5.2 billion in BTC moved within an hour, mostly by short-term investors.

- **Long-Term Holders**: Only $600,000 of the losses came from long-term holders, showing their resilience.

Despite a 10% bounce back, some traders, like former BitMEX CEO Arthur Hayes, warn that more volatility could be on the horizon. Stay tuned and trade cautiously!