According to Glassnode's definition, short-term holder refers to an Address that holds BTC for less than 155 days. The data shows that these Addresses transferred over 21,000 BTC (equivalent to $2.2 billion) to trading platforms during a 4.7% drop in BTC price (the largest decline in two weeks) and sold at a loss. The amount of BTC transferred to trading platforms is the second largest this month, which may reflect the panic of investors who bought in when the price of BTC was close to its all-time high (around $108,000) at the beginning of the year but suddenly dropped below $100,000.
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
According to Glassnode's definition, short-term holder refers to an Address that holds BTC for less than 155 days. The data shows that these Addresses transferred over 21,000 BTC (equivalent to $2.2 billion) to trading platforms during a 4.7% drop in BTC price (the largest decline in two weeks) and sold at a loss. The amount of BTC transferred to trading platforms is the second largest this month, which may reflect the panic of investors who bought in when the price of BTC was close to its all-time high (around $108,000) at the beginning of the year but suddenly dropped below $100,000.