Short term holders sent record $3 billion in profit to exchanges

exchange681 week ago

0 0 2 minutes read

As Bitcoin shatters expectations in 2024, soaring above $589,000 and charting a jaw-dropping 32% year-to-date increase, the financial world is taken by storm. Short-term holders orchestrated a move on February 27 that no one saw coming. They executed a transfer so monumental, it not only set a new record but also hinted at an unexpected shift in market dynamics, transferring a staggering $3 billion in profits to exchanges, equivalent to about 51,000 BTC.

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