Bitcoin: Will short-term holders cause problems for BTC’s price?

Bitcoin's price recently fell below $60,000, causing widespread uncertainty and liquidations in the crypto sector. The price drop placed it below the average cost basis of short-term holders, potentially leading to losses and panic selling. Additionally, a decline in miner revenue could increase selling pressure, further impacting Bitcoin's price negatively. Despite these challenges, some see the dip as a buying opportunity, and network activity remains stable, which could help sustain miner profitability.