Markets· ★★★★· bearish·

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