@arkinpatrick
On Thursday, short-term Bitcoin (BTC) holders sent around $2.3 billion (or 32,000 BTC) to exchanges at a loss as Bitcoin's price dipped below $70,000, following a recent surge near an all-time high. This wave of panic selling among holders who had the asset for under 155 days was the largest since the yen carry trade unwind on August 5. Known for reacting to market sentiment, short-term holders often sell during drops and buy during periods of market euphoria. In total, over 54,000 BTC was moved to exchanges on Thursday—the highest since March 27.
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