Add as a preferred source on GoogleBitcoin Short-Term Holders Send About 11,000 BTC to Exchanges
The amount transferred fell about 66% from a previous peak of 32,000 BTC as selling pressure eased.
Bitcoin (BTC) short-term holders transferred about 11,000 BTC to exchanges over the past seven days while selling Bitcoin held at a profit, pointing to eased selling pressure in the market.
The amount transferred fell about 66% from a previous peak of about 32,000 BTC. The figures measure Bitcoin moved to exchanges during the period and do not establish that every transferred coin was sold.
The activity highlights continued profit-taking among short-term holders, although the latest weekly transfer total was substantially lower than the previous peak.
Enna Lee
ReporterEnna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.