Glassnode: Short-term BTC holders deposited over $2 billion worth of BTC into CEX yesterday
According to Glassnode data, BTC short-term holders (entities holding BTC for no more than 155 days) sent a total of $1.93 billion worth of BTC to trading platforms on December 11th, and another $2.08 billion worth of BTC on the following day. The last time the daily inflow of BTC into CEX exceeded $2 billion was in June 2022, which analysts believe was a market reaction to the imminent collapse of CeFi platform Celsius. In addition, the daily trading volume on December 12th also reached its highest level since early July this year.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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