BlockBeats news, October 2, according to Glassnode data, since September 19, the group of short-term Bitcoin holders has purchased about 100,000 Bitcoins. As of September 27, the price of Bitcoin soared to more than $66,000, and as the price rose, short-term holders began to buy heavily. But as the price began to fall, they began to sell their holdings.

In the past two days, short-term holders have sent about 64,000 Bitcoins worth $4 billion to trading platforms. About $3 billion of them were sent at a loss. On the other hand, long-term holders seem to remain calm. In the same time period, the group only sent 100 Bitcoins to the trading platform at a loss.

BlockBeats Note: Glassnode defines "short-term holders" as investors who hold Bitcoin for less than 155 days. When the price of BTC falls below its cost price, this group tends to panic sell.