Data: Short-term holders net transferred 80,000 BTC to Binance within 7 days, equivalent to approximately 5 billion dollars in selling pressure
CryptoQuant analyst Darkfost pointed out that Bitcoin has fallen over 28% since May, testing the $60,000 mark again, with the Fear and Greed Index dropping below 10. Short-term holders (STH) have suffered the greatest impact during this adjustment, reacting most intensely, with inflows to Binance exceeding 80,000 BTC in 7 days, equivalent to about $5 billion in selling pressure. This figure is second only to the historical record in February (when inflows exceeded 100,000 BTC). Darkfost stated that short-term holders are highly sensitive to market fluctuations, and every fluctuation can easily trigger emotional decisions.
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