
CryptoQuant: Short-Term Bitcoin Holders Sent 45,600 BTC to Exchanges, Most Since June
- —Short-term holders sent 45,600 BTC to exchanges in 24 hours
- —29,100 BTC of that was moved at a loss, the most since June
- —U.S. government holdings fell by 17,468 BTC worth $1.44 billion since Oct. 6
- —Key bullish level is short-term holders' realized price of $74,600
Why it matters: Rising loss-making transfers to exchanges point to capitulation among recent buyers and raise the risk of a deeper drop toward $74,600.
Source: CoinPost
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