
Bitcoin’s price retreated below $95,000 as short-term holders moved $2.4 billion worth of BTC to exchanges, marking one of the largest single-day movements in recent months.
The price decline coincides with a massive sell-off by short-term holders, who transferred more than 26,000 BTC valued at approximately $2.4 billion to exchanges. Data from market intelligence platform CryptoQuant reveals that short-term holders, defined as investors who have held Bitcoin for less than 155 days, drove this market movement.
These investors appear to be taking advantage of the still-elevated prices to realize gains or minimize losses as the market displayed signs of weakness.
Source: blockonomi.com