Short-term holders have transferred 80,000 BTC, worth approximately $5 billion, to a certain exchange within 7 days.

CryptoQuant analyst Darkfost pointed out that since May, Bitcoin has dropped more than 28%, once again testing the $60,000 level, with the Fear & Greed Index falling below 10. Short-term holders reacted sharply during the correction, transferring over 80,000 BTC—equivalent to about $5 billion—in just 7 days to an exchange, a figure second only to the all-time record of more than 100,000 BTC in February. Darkfost stated that short-term holders are highly sensitive to market volatility and tend to make emotional decisions.