Bitcoin (BTC) Short-Term Holders Move 47,300 BTC to Exchanges at a Loss

Loss-making transfers accounted for 47,300 BTC of the 48,500 BTC short-term Bitcoin (BTC) holders sent to exchanges over a 24-hour period.

Short-term holders shifted from profit-taking to losses becoming the more common position. The latest transfers marked one of the strongest capitulation episodes for short-term holders in recent months.

Bitcoin’s distribution phase began in October and led to a pullback of about 15%.

The latest 47,300 BTC figure compares with more than 36,600 BTC in TokenPost’s earlier coverage of short-term-holder transfers at a loss.

Enna Lee

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].