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After coming close to the $120,000 price mark a few days ago, Bitcoin’s price faced notable bearish pressure, causing the flagship asset to fall back to $116,000. With BTC experiencing price swings, short-term holders have begun to offload their holdings, indicating panic selling among these investors.

Losses Mount For Short-Term Bitcoin Holders

As Bitcoin battles with growing bearish pressure, Darkfost, an author and market expert, has outlined a negative behavior among short-term BTC holders. BTC’s recent price fluctuations seem to be taking a toll on short-term holders, with many going on a selling spree.

According to the market expert, BTC continues to remain in a range that has lasted for almost a month. In the meantime, a couple of small downward wicks have inflicted pressure on some short-term BTC holders, which ultimately caused the investors to offload their holdings.

With BTC’s price dropping again, Darkfost stated that these investors are currently selling at a loss once again. Such actions from these newer investors, who are typically more sensitive to volatility, mark a growing sign of capitulation in the midst of waning price performance.

The selling spree at a loss indicates fading confidence and rising interest among the group to exit the market prior to extended declines in price. Meanwhile, the actions of short-term players could provide early warning signs of more significant changes in market sentiment.

Data shared by Darkfost after examining the Bitcoin Short-Term Holder P&L to Exchange revealed that more than 50,000 BTC were recorded on July 15 to be in losses. In addition, over 37,000 BTC were observed to be in losses on July 25.

As Bitcoin continues to range, the market expert underscored the possibility of the behavior becoming worse, which could deepen short-term corrections that have already been fueled by profit-taking. Considering the development, Darkfost claims that the trend needs to be monitored closely.

A Shift From Long-Term Holders To Short-Term Holders

Another crucial trend observed in the Bitcoin market is the ongoing transition of supply held by BTC investors. In an X post, Maartunn, an on-chain expert at CryptoQuant, reported a shift in Bitcoin supply from long-term holders to short-term holders.

The expert highlighted that over 223,602 BTC moved from long-term holders to short-term holders in the last 30 days. This redistribution is a sign of a shifting investment environment as newer players enter the market and more experienced holders start to realize profits or realign their holdings. 

According to Maartunn, the trend from LTH to STH is gaining momentum.  In the meantime, this pattern marks a significant change in the market structure of Bitcoin and could influence the course of its price in the near term.

At the time of writing, data from CoinMarketCap shows that BTC is slowly regaining upside momentum after facing a drop to $116,000 on Wednesday. While the price has witnessed a 0.34% in the past day, its trading volume has risen by over 10% within the same period.

Featured image from Pixabay, chart from Tradingview.com

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Alex Mashinsky, the former CEO of Celsius, has agreed to surrender all rights to assets tied to the collapsed crypto lender.

According to newly filed court documents, Mashinsky and entities associated with him, including AM Ventures Holdings Inc., Koala1 LLC, and Koala3 LLC, will be excluded from any future distributions under the Celsius bankruptcy plan.

The filing stated:

“All Claims asserted by, or scheduled by the Debtors on behalf of, (1) Mr. Mashinsky, (2) AMV, (3) Koala1, and (4) Koala3 are withdrawn, disallowed, and shall receive no distribution under the Plan.”

The document also stated that the funds freed from the forfeiture should be redistributed to affected customers and creditors.

This development marks another chapter in Celsius’s ongoing bankruptcy proceedings, which began in mid-2022 following the platform’s abrupt suspension of withdrawals.

So far, Celsius has returned roughly $2.53 billion to users. Approximately 70% of creditors have received some form of repayment, but the process has been lengthy and complex.

Celsius bankruptcy

Celsius halted user withdrawals in June 2022, locking up nearly $4.7 billion in customer funds, amid the market instability driven by LUNA’s collapse in the prior month.

The company was forced to file for Chapter 11 bankruptcy in July 2022, triggering investigations into its financial practices and the conduct of its leadership.

Mashinsky was arrested in 2023 over several fraud-related charges and later pleaded guilty as part of his legal proceedings. Prosecutors claimed that he misled investors about the company’s financial health while offloading personal holdings of Celsius’s native token. They added that his actions gave users false confidence even as the platform was nearing collapse.

Last month, Mashinsky was sentenced to 12 years in prison, avoiding the 20-year term prosecutors had pursued. His defense argued that a longer sentence would amount to life imprisonment for the 59-year-old.

His downfall joins a growing list of disgraced crypto leaders, including FTX’s Sam Bankman-Fried and Terra’s Do Kwon, who were once industry icons whose collapses have reshaped public and regulatory perceptions of digital assets.

Mentioned in this article

In March of this year, Stone submitted a lobbying disclosure. He was hired in February to urge lawmakers to dismantle US tax provisions supporting the Justice Department Ver.

new: @RogERSTONEJR $600,000 was paid to the lobby in the first quarter @rogerkvera prosecuted crypto entrepreneur known as “Bitcoin yes.”

Roger Stone is about to terminate the “exit tax” provisions where ver was charged after waiving US citizenship https://t.co/lralogjbpl

– Kenneth P. Vogel (@kenvogel) April 25, 2025

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Trump’s ally Roger Stone was hired to help avoid prison time for tax evasion

Stone is targeting the “exit tax” law, which applies to Americans who waive citizenship. This is why the Ver is in the hot water for the $48 million tax that DOJ claims Ver.

Last April, DOJ requested VER multiple counts, including mail fraud, tax evasion and filing false tax returns. The agency alleges that in 2014, while preparing to be stationed from the US, it submitted false information about his crypto-holdings.

The allegations say Ver was unable to report capital gains after selling about $240 million in Bitcoin in 2017. Ver was arrested in Spain and released in May on 150,000 euro bail.

His release was conditioned on Ver surrendering his passport and reporting it regularly to Spanish authorities while he was fighting extradition to the US.

Legal push from Val, also known as “crypto yes.” It’s coming in Procrypto Pivot since the Trump administration returned to power earlier this year.

In January this year, Ver posted a video about his legal issues. He called it “weaponization of justice” under the Biden administration at the time.

Ver said he is appealing to President-elect President Trump. “If anyone knows what it’s like to be a victim of the law that promotes American ideals, it’s Donald Trump.”

President, I am an American and I need your help. With a commitment to justice, only you can save me @RealdonaldTrump pic.twitter.com/whvtz1m1gb

-RogerVer (@Rogerkver) January 26, 2025

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Ver files motion to dismiss his case – hopes for similar outcomes as Ross Ulbricht

Ver’s legal team has filed a motion to dismiss the lawsuit. They argue that the tax laws cited in the indictment are “ambiguous and outdated and do not provide clear guidance to early adopters of codes.”

“This prosecution has to be over,” his lawyer wrote, accusing the DOJ of relying on selective evidence and misrepresenting private communications. Regarding Roger Stone’s role in the deal, he says he has not lobbyed Trump directly for pardons.

“I’m not lobbying executive officers, including the president,” he told The New York Times, making it clear that his role is focused on supporting the VER legal team in an advisory role behind the scenes.

Contrary to his “behind the scenes,” Stone’s website recently published an essay entitled “Why Roger Vere deserves a President’s amnesty.”

Stone was an incredibly controversial figure, and he himself received the generosity of the President in 2019.

A long list included. It lies to Congress and tampers with and disrupts the House Intelligence Committee’s investigation into Russia’s interference in the 2016 election.

He was sentenced in prison for 40 months. However, Stone didn’t serve a day as Trump notified him of his sentence in 2020 and later granted a full pardon.

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Postroger paid Trump’s ally Roger Stone and paid $600,000 to support the ongoing legal battle.

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Given the continued volatility in the general crypto market, several major digital assets such as Ethereum and Bitcoin experienced a decrease in investor participation. As a result, the two crypto giants were faced with significant selling pressure, with ETH recording more losses than Bitcoin.

Ethereum Outpaces Bitcoin In Recent Losses

Over the last few days, Ethereum and Bitcoin have struggled with notable bearish pressure that has hampered their upward movements. During this volatile period, seasoned market expert and host of the Crypto Banter show, Kyle Doops, has outlined substantial losses in both assets as observed in the 6-Hour Rolling Losses metric.

Ethereum’s value has declined more precipitously than that of several of its competitors, triggering selling pressure among investors. During the recent sell-off, Ethereum holders have locked in $564 million in losses, highlighting growing investor caution and a shift in market sentiment. 

According to the expert, this is one of the worst losses ETH investors have experienced since the 2023 bull began. The notable losses raise concerns about ETH’s short-term resilience and future performance as volatile market conditions constantly affect investors’ confidence in the altcoin.

Kyle Doops highlighted that while losses are decreasing, this could imply that the market is adjusting to lower pricing. With the market adapting to lower price conditions, the market expert is confident that capitulation is still present.

In another X post, Kyle Doops reported that Bitcoin is navigating rough waters as it suffers significant losses amid persistent market turbulence. This huge loss has also triggered speculations about the sustainability of BTC’s renewed upward trend to key levels like $85,000.

Data from the expert reveals that investors of the largest cryptocurrency asset experienced about $250 million in realized losses in just 6 hours after last week’s sharp drop. In the current market cycle, this loss is one of the biggest so far.

However, looking at the chart, each leg down is exhibiting less pain, which suggests that sellers might be running out of ammo. As key technical resistance levels continue to hinder BTC’s uptrend, the future of the flagship asset is becoming increasingly uncertain.

Where One Of ETH’s Strongest Support Lies

ETH has made a brief rebound to the $1,600 mark after a sudden drop on Wednesday. Delving into the price action, Ali Martinez, a crypto analyst, has underlined a crucial support zone for Ethereum, where significant investor interest was seen in spite of continued price fluctuation.

While the altcoin slowly rebounds, Ali Martinez highlighted that the $1,528.50 is a key support level in its price dynamics. This is due to the notable accumulation around this level. On-chain data shows that about 2.61 million wallet addresses purchased more than 4.82 million ETH in this zone, making it a robust area of support against downside pressure.

Featured image from Unsplash, chart from Tradingview.com

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Dogecoin is holding firm above major support at $0.22 despite repeated threats to break below in the just concluded week. Amidst these fluctuations, an interesting technical indicator suggests that Dogecoin’s long-term rally is still intact.

This technical indicator’s outlook was pointed out by crypto analyst Trader Tardigrade, who used the Gaussian Channel, a popular momentum tool, as evidence that Dogecoin’s bullish momentum is still in play despite the current selling pressures.

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Gaussian Channel Shows Continued Bullish Strength For Dogecoin

Dogecoin’s price trajectory has been highlighted by a decline since mid-January. This decline has seen Dogecoin fall by as high as 47% from a lower high of $0.4159 on January 18. The price correction is even more pronounced when considering its multi-year high of $0.475, which it achieved on December 9, 2024, from which Dogecoin has now corrected by approximately 54%.

This notable correction has also seen the development of a few bearish signals on the Dogecoin price chart. One such bearish development is the rejection at a macro resistance and the failure to reclaim the macro golden pocket in the recent week. 

However, despite the notable correction in the Dogecoin price, the meme coin seems to be still trading in an uptrend in the longer term. This long-term outlook is revealed through the analysis of Dogecoin on the weekly candlestick timeframe using the Gaussian Channel.

The Gaussian Channel is a lesser-known technical analysis tool that helps identify trends and cycles in price movements by highlighting green and red zones in different market cycles. The green zones represent periods of upward momentum, where the price is expected to keep growing. On the other hand, red zones indicate periods of correction or consolidation, during which the market pauses before resuming its upward trajectory. 

According to a Dogecoin price chart shared by crypto analyst Trader Tardigrade on social media platform X, Dogecoin entered into its most recent green zone on the Gaussian Channel in 2024. However, despite the recent correction, it has remained in this green zone, indicating that Dogecoin’s uptrend is still active in the long term. 

Image From X: Trader Tardigrade

Long-Term Price Target For DOGE

With the Gaussian Channel still indicating the green zone for Dogecoin, the rally could resume anytime soon. According to Trader Tardigrade’s projection, this rally will be enough to push DOGE above multiple resistance levels at $0.3, $0.4, and the recent multi-year high of $0.475.

If momentum builds and buying pressure increases, Dogecoin may even retest its all-time high of $0.7316, which has remained unchallenged since the peak of the 2021 bull run. 

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Beyond these immediate targets, Tardigrade’s analysis suggests that the meme coin’s long-term trajectory could extend well beyond the $1 mark. The forecast envisions an even more aggressive rally that could see Dogecoin climbing as high as $4.1. At the time of writing, Dogecoin is trading at $0.247, up by 1.5% in the past 24 hours but down by 25% since the beginning of February.

Featured image from TheStreet, chart from TradingView