Short-term Bitcoin holders send 47,600 BTC to exchanges as profit-taking spikes
- —About 47,600 BTC worth over $4 billion sent to exchanges in 24 hours
- —Average purchase price for short-term holders is around $72,400
- —Their average unrealized profit stands at nearly 20%
- —Highest profit level for this group since January 2025
Why it matters: The surge of coins onto exchanges adds potential sell pressure and could cap Bitcoin's further upside in the near term.
Source: Crypto Insiders