Short-term BTC holders are facing higher risk as the realized capitalization of Bitcoin drops by $6 billion. This decrease in realized cap suggests that short-term investors may be selling their holdings at a loss, potentially indicating a lack of confidence in the current market. This trend highlights the volatility of the cryptocurrency market and the potential risks that come with short-term investing in BTC. Investors should be cautious and consider the long-term implications of their investment decisions in such a volatile market.