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Spot Bitcoin Holders Sell at a Loss as Leveraged Traders Buy the Dip

Short-term holders transferred 55,600 BTC to exchanges at a loss on Oct. 8, but the transfers did not establish that the coins were sold.

By Enna Lee
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Brass tokens slide past a hand reaching across a split counter / TokenPost.ai
Brass tokens slide past a hand reaching across a split counter / TokenPost.ai

Spot Bitcoin (BTC) holders are selling BTC at a loss while leveraged traders are buying the dip. The observation points to different activity in spot and leveraged trading.

The earlier Oct. 8 exchange transfers involved 55,600 BTC moved by short-term holders at a loss. Transfers to exchanges can precede sales, but do not establish that the coins were sold.

Enna Lee

Reporter

Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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