Markets· ★★★· bullish·

Bitcoin short-term holder selling drops 66% from peak

  • —Short-term holders sold about 11,000 BTC in profit over seven days
  • —That is 66% below the prior peak of 32,000 BTC
  • —Data comes from on-chain analytics cited by BlockBeats on October 9
  • —Selling pressure from short-term holders is easing
Why it matters: Easing profit-taking by short-term holders reduces sell pressure on BTC and could support a market recovery.
#BTC
Source: TokenPost
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