Bitcoin Short-Term Holders Panic Capitulate $2.6 Billion In BTC Crash
Summary
Bitcoin short-term holders panic sold $2.6 billion worth of coins after the new all-time high. Short-term holders, who bought coins in the past 155 days, tend to sell quickly during price fluctuations. They transferred $2.6 billion in losses to exchanges, indicating capitulation. Long-term holders also sold, but made profits, transferring $1.5 billion to exchanges. Bitcoin is currently trading around $65,800, up 8% in the past week.
