Bitcoin has dropped about 15% from its all-time high over the past two weeks, fueling investor concern. On-chain data from October 18 shows short-term holders are realizing losses of approximately $750 million per day. This level of selling pressure is comparable to mid-2024 corrections. The trend suggests growing market stress amid intensifying capitulation signals.

The Ethereum Kimchi Premium rose to around 8.2%, the second-highest level this year, according to analyst CryptoOnchain. The increase points to heightened retail FOMO and may precede further price corrections. Whales could be selling on South Korean exchanges to exploit the premium. Sentiment remains cautious as ETH trades below $4,000.

Bitcoin experienced a significant price drop on October 10, falling to $101,500 following President Trump's announcement of 100% tariffs on Chinese goods. A Satoshi-era whale had positioned $1.1B in shorts before the news, raising questions about potential insider information.