Bitcoin (BTC) sent to exchanges at a loss by short-term holders fell about 70% from Nov. 6 to Nov. 9, a decline that may signal easing potential selling pressure. The decline came as Bitcoin’s price fell further.
Loss-making transfers totaled 32,695 BTC on Nov. 6, about 89% of the cohort’s exchange inflows that day. By Nov. 9, the amount had dropped to about 9,900 BTC, a decline of roughly 69.7%.
The lower figure did not mean short-term holders had returned to profit. Their seven-day average SOPR remained near 0.99, indicating the group was still selling in loss territory.
Exchange-bound transfers show BTC moving to trading platforms, but do not establish that holders completed sales. The Nov. 9 reading provides a later snapshot than earlier coverage of short-term holders’ loss-making exchange transfers.
Enna Lee
Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to [email protected].
