Bitcoin short-term holders (STH) have moved 46,276 BTC, valued at $5.7 billion, to exchanges in a 24-hour period, indicating potential profit-taking. This surge, reported by CryptoQuant analyst Maartunn, is one of the largest spikes in STH inflows, with all positions being profitable. The market is now observing whether demand can absorb this selling pressure or if it will impact Bitcoin's recent price rebound. Currently, Bitcoin is trading at approximately $122,700, reflecting an 11% increase over the past week.
Bitcoin Sees $5.7 Billion Inflows from Short-Term Holders Amid Profit-Taking
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