Bitcoin (BTC) Price Has Had an Interesting Performance

The price of Bitcoin has had an interesting performance so far in 2025, starting the year with a run to a new all-time high. However, the flagship cryptocurrency finished the year’s first quarter with over 15% of its value shaved off in those three months.

As the year 2025 began, the price of Bitcoin soared to new all-time highs. However, by the end of the first quarter, the flagship cryptocurrency had seen more than 15% of its value wiped out over those three months.

While the BTC price seems to be stabilizing within a consolidation range, the outlook isn’t entirely positive for the world’s largest cryptocurrency. This explains why several short-term investors are getting discouraged and consequently leaving the market.

Is Bitcoin About To Go Up?

In a new post on the X platform, one on-chain analyst, known by the pseudonym Darkfost, revealed that a certain category of Bitcoin holders has been selling their assets at a loss. According to the crypto expert, these selloffs are occurring at a rate not seen since the FTX collapse.

This on-chain observation is based on a substantial decline in the Profit/Loss Margin, which measures the profitability of investors by comparing their purchase price to the current price of a cryptocurrency. This metric provides an indication of whether the market is in a state of unrealized profit or loss.

Specifically, Darkfost’s analysis concentrates on Bitcoin investors who have been holding BTC for periods ranging from one to three months (also known as short-term holders). These traders are regarded as the most responsive class of holders, a trait that is evident in their recent activity.

According to Darkfost, BTC short-term holders have been dumping their coins at a loss since early February. These realized losses have now reached levels last seen during the FTX bankruptcy and are even greater than the losses recorded during the 2024 price pullback.

Typically, large-scale realization of losses by the Bitcoin short-term holders has been followed by substantial upward price movements, especially when long-term holders continue to accumulate. Therefore, the persistence of this trend suggests that long-term investors will be mopping up the coins from weak hands in anticipation of the next bullish jump.

BTC Price Brief

At the time of writing, the price of BTC is hovering around the $83,700 mark, showing no significant change in the past 24 hours. According to data from CoinGecko, the market leader has seen a 1% increase over the last seven days.