Approximately 2.5 million BTC held at a loss by short-term holders

exchange68September 10, 2024

0 1 2 minutes read

As Bitcoin teeters around the $60,000 mark, its volatility is creating a whirlwind for short-term holders (STHs). Since August, there’s been a drop from 2.8 million BTC held at a loss to 2.5 million BTC. But with only 500,000 BTC of those short-term holdings in profit, the scenario paints a tense picture. What’s more, the highest single-day transfer of nearly 50,000 BTC to exchanges at a loss since March might just signal… [Continue reading to discover the potential implications for Bitcoin’s near-term trajectory.]

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