Short-term holders dump 15K Bitcoin – Support breaks below $74.9K

Goldman Sachs warned that macro uncertainties remain significant, though short-term risk has eased for equities. The U.S. 10-year Treasury yield climbed past 4.63%, reported AMBCrypto, the highest level since February 2025. A lack of clarity regarding the U.S.-Iran peace talks and rising oil prices contribute to the macro risk outlook. Source: BTC/USDT on TradingView Since Friday, the 15th of May, Bitcoin [BTC] has corrected by 5.15%, falling from $81k to $76.9k. The 4-hour chart has a bullish structure, but the area up to $90k was a higher timeframe supply zone. Source: CryptoQuant The recent losses were almost entirely driven by capitulation from short-term holders. Analyst Moreno pointed out on CryptoQuant that the short-term holder profit-taking measured only 112 BTC in the preceding 24-hour window. By comparison, STH sold roughly 15,000 BTC at a loss, as shown by the 24-hour short-term holder P&L to exchanges metric. This suggested that the correction from $81k has forced weak hands to sell in increasing numbers. The inflows to exchanges need to be absorbed to keep the price’s short-term uptrend ongoing. As the price chart earlier showed, a drop below $74,937 would shift the H4 structure bearishly. Until then, despite the macro risks, the short-term uptrend has room to continue higher. Bearish BTC bias after composite signal slips below zero Source: Adler Insights The Bitcoin bull-bear structure index used by analyst Axel Adler Jr takes six market signals into account, including taker imbalance, Funding Rate, and ETF flows. Negative values show a bearish structure, and both the slow and fast versions of the index signaled bearishness. The index stayed positive for only three days during the latest bullish impulse move above $80k. Thereafter, it has reverted to bearish, which means seller pressure has completely absorbed the buyer impulse. Source: Adler Insights The Bitcoin price structure composite signal dived into negative territory, indicating sellers were in control. The composite was around -0.55, and the momentum fell to -0.78. These findings confirmed the stable bearish regime findings from the structure index. To flip this bearish regime around, steady spot ETF inflows and a price move above the 7-day EMA at $78.2k, along with increased Open Interest and bullish Funding Rates, are needed. Final Summary The 4-hour price structure was technically bullish, but other metrics placed Bitcoin inside a stable bearish regime. A price move above $78.2k, increased ETF inflows, and derivatives volume are needed to spark a BTC revival.