Bitcoin short-term holders are experiencing significant realized losses, with the profit and loss (P/L) ratio dropping to -1.4, a level last seen during the April 2025 market correction. This downturn is attributed to Bitcoin's stagnation around $113,000, which has pressured weaker holders to liquidate their positions. Data from Checkonchain indicates that the current market conditions have intensified realized losses among short-term holders. Despite this, analysts suggest that the market may stabilize soon, as long-term holders continue to exert control over the majority of Bitcoin's circulating supply.