Bitcoin's price briefly dipped below $100,000 in Monday's trading, causing a momentary setback for short-term holders (STHs) who are feeling the impact of the price fluctuation. While the current trading price stands at $102,691, on-chain data shows that STHs are selling at a loss.

Data analysis from CryptoQuant indicates a decline in the Spent Output Profit Ratio (SOPR) for Bitcoin's STHs over the past week. The SOPR value dropped below 1 as the price slipped below $100,000, currently resting at 0.99.

The STH-SOPR metric serves as a measure of profitability for short-term holders of a crypto asset, offering insights into their trading positions. A value above 1 signifies profitable selling, while a value below 1 indicates selling at a loss.

Despite the price rebound, the negative sentiment surrounding Bitcoin persists, with a weighted sentiment of -0.48 reflecting heightened skepticism among investors.

Should this negative sentiment strengthen, BTC's price could decline below $100,000 to $99,378. On the other hand, sustained positive market sentiment may see a push towards reclaiming its all-time high of $109,356.

(Bitcoin's price update: $102,691 with potential for a rebound to historical highs. Market sentiment remains a key factor.)