Bitcoin Short-Term Holders Send $3.6 Billion in BTC to Exchanges at a Loss
Summary
CryptoQuant data shows about 47,300 BTC held by short-term investors was transferred to exchanges at a loss in 24 hours, versus roughly 1,100 BTC moved at a profit. The figures indicate potential selling pressure as Bitcoin trades near $74,000, down from above $85,000 in late September, but exchange deposits are not proof of completed sales. CryptoQuant also reported repeated spikes in loss-making transfers, while Glassnode estimates about 4 million BTC held by longer-term investors was bought above current prices.
