🔗 Original | Author Crazzyblockk 📈 View Chart “#BTC $57K Plunge: Fear is High, but Confidence is Quiet” Bitcoin's plunge from $124K to $67K shook the market, but on-chain data shows a clear divide. Short-term investors are selling in fear, while long-term investors are largely unfazed. This is a different dynamic than in 2022. During the peak last October, short-term investors were extremely optimistic, sending approximately $8.3B in profits to exchanges in a single week. However, the sentiment has now completely reversed. As of mid-February, deposits from short-term investors in losses surged to approximately $399M on February 11th alone, with some days seeing losses of up to 99%. This is a typical sell-off pattern. However, the scale is lower than the confirmed daily loss of approximately $1.5B recorded in August 2024. Fear exists, but it's not as extreme as during past sell-offs. The behavior of long-term investors paints a starkly different picture. Even during the price plunge, long-term investors' inflows to the market remained minimal compared to short-term investors, with most of the inflow coming from gains. Even on February 11th, when short-term investors sold off, confirming losses of $399 million, long-term investors' losses amounted to only about $23.8 million. This is a significant reduction compared to the period in early 2024, when losses exceeded $225 million in a single day. Currently, long-term investors are effectively holding onto their positions. This discrepancy is significant. During the 2022 bear market, even long-term investors sold off their positions, enduring losses for months. However, this time, long-term investors are refusing to sell during losses. While the fear of short-term investors appears significant, the quiet confidence of long-term holders, who have experienced multiple cycles, suggests that the bottom may be closer than fear suggests. ✏️ One-Line Summary Short-term investors are selling, but long-term investors are refusing to sell at a loss. The current #BTC decline shows a different structure than 2022, and the possibility of a bottom is also open. [Sign up for a free CryptoQuant membership] Sign up using the link above to enjoy a free week of the Advanced Plan. Analyze market trends in-depth with on-chain data! ✖️ Official CryptoQuant X (🇰🇷Korean) ✈️ Official CryptoQuant Telegram (🇰🇷Korean)