Blockchain data showed a major capitulation event among short-term holders. Wallets with bitcoin held for less than three months sold 148,000 BTC at a loss. This level of selling marked the largest capitulation since April 2025.
Analysts at Cryptonews linked the pattern to earlier cycle peaks. They said selling may continue as traders react to rapid price swings. The broader market also experienced de-risking across multiple investor segments.
$100 million purchase brought brief market relief. Market sentiment later shifted as selling pressure expanded beyond short-term holders. Observers now monitor long-term holders to see if they will absorb the discounted supply or wait for lower levels.
President Bukele currently holds a 91% approval rating based on Morning Consult rankings. His administration maintains public support through security reforms and modernization efforts. Comparatively, India’s Prime Minister Narendra Modi holds a 71% approval rating due to strong national development programs.
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