A sharp reversal in fortunes for Bitcoin’s newest investors could be laying the groundwork for the next leg higher. Short-term Bitcoin holders, defined as those holding coins for one to three months, have seen their aggregate profit/loss swing from a +25% gain in mid-May 2025 to a -25% loss as of December. The dramatic shift indicates a wave of capitulation is underway, with recent buyers being "shaken out" of their positions—a transfer of wealth from weak to strong hands. It involves the transfer of we ...