86% of Bitcoin’s sell-off driven by short-term retail traders
Summary
On January 9, Bitcoin experienced significant price volatility, fluctuating between $95,057 and $95,346 before dropping to $90,707. A notable 86.53% of coins transferred to exchanges were less than a day old, indicating a surge in short-term trading activity. Long-term holders largely refrained from participating, suggesting underlying market resilience despite the turbulence.
