On-chain data shows Bitcoin short-term holders have transferred a large amount of BTC at a loss to exchanges, a sign of another capitulation wave on the network.
Bitcoin Short-Term Holders Are Depositing To Exchanges At Loss
As explained by CryptoQuant community analyst Maartunn in a new post on X, short-term holders (STHs) have just made another wave of underwater exchange deposits.
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The STHs refer to the investors who purchased their Bitcoin during the past 155 days. This cohort is generally considered to include the weak hands of the market, who easily sell at the sight of market volatility.
Recently, the market has been witnessing a bearish shift, which is exactly the type of event that STHs would be expected to react to. There are several
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