CryptoQuant: Over 65,000 BTC Sold by Short-Term Holders as Bitcoin Surpasses $75,000
According to ChainCatcher, CryptoQuant analyst Darkfost posted on Twitter that yesterday, as Bitcoin tested the $75,000 mark, short-term holders (STHs) significantly increased BTC transfers to exchanges, sending more than 65,000 BTC within 24 hours. Among these, profit-taking led the way, with about 61,000 BTC being sold for a profit.
Darkfost pointed out that currently, any price increase is seen as an opportunity to exit, regardless of profitability. Short-term holders remain highly sensitive and react quickly in the face of price fluctuations.
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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