Bitcoin Falls to $81,000 as Short-Term Holder Realized P/L Turns Negative

Bitcoin dropped to $81,000 after breaking below $85,000 support, marking its weakest price since early spring. The Realized P/L metric for short-term holders fell to –1 for the first time this cycle, confirming accelerated capitulation among recent buyers. Market sentiment has shifted from caution to panic as traders debate whether this represents a confirmed bear market or a liquidity-driven shakeout.