#比特币市场动态 Analyzing the latest data reveals that Bitcoin short-term holders are currently in a loss position. The current price is below the cost price for 1-month and 3-month holders, which are $113,600 and $115,600 respectively. This suggests that the rebound may face resistance, as the loss-making short-term investors might choose to exit at the breakeven point.

It is worth noting that when the Bitcoin price falls below the short-term holder average price of $108,000, market sentiment shifts from anxiety to panic. This situation coincides with a period of low liquidity during the weekend, which can easily trigger significant volatility.

However, on-chain data shows that some large holders are still increasing their positions against the trend. The BTC balance on the Kraken exchange decreased by 41,512 coins in just two days from August 27 to 29. According to past tracking, this may be related to some treasury companies, traditional institutions, and over-the-counter trading platforms.

Overall, the short-term market may face certain pressure, but long-term bullish investors seem to be actively positioning themselves. It is advisable to closely monitor the resistance situation in the range of $113,600 to $115,600, as well as the further movements of institutional funds.