Bitcoin (BTC) Short-Term Holders Send 28,690 Coins Held at a Profit to Exchanges

Short-term Bitcoin (BTC) holders moved 28,690 coins held at a profit to centralized exchanges over a 24-hour period after Bitcoin broke above $80,000, putting short-term selling pressure in focus.

Short-term holders moved the coins while taking profits after Bitcoin broke above $80,000. The coins were held at a profit when they were deposited.

Bitcoin closed above $80,000 and above both its 21-day and 50-day exponential moving averages despite the selling pressure.