Market absorbs short-term holder Bitcoin sales as price stays in $63k-$71k range

Short‑term holders sell; Bitcoin holds $63k–$71k range

Bitcoin stayed range‑bound in March. Short‑term holders kept selling into spot exchanges.

Price briefly hit $75,000, then slipped back to the $63,000–$71,000 band. Consolidation has persisted since February 6.

Analyst TeddyVision points to CryptoQuant’s Exchange Inflow – Spent Output Age Bands for spot venues. The flows are dominated by 0–12 month cohorts. Older coins, held over 12 months, are mostly inactive, with only event‑driven spikes. Source: CryptoQuant QuickTake.

The market absorbed this STH supply without breaking the range. The Coinbase Premium Index recovered from deep negatives as the range formed. Price stopped reacting to downside pressure. Source: CryptoQuant QuickTake.

From a high level, STHs are distributing. Long‑term holders are not. TeddyVision frames this as a transitional phase for market structure, not a reversal signal. Source: CryptoQuant QuickTake.