On-chain data shows the Bitcoin short-term holders have been transferring large amounts to exchanges at a loss following BTC’s bearish action.

Bitcoin Short-Term Holders Are Participating In Loss-Taking

In a new post on X, CryptoQuant community analyst Maartunn has talked about the reaction to the recent Bitcoin price decline from the short-term holders (STHs) .

The STHs refer to the BTC holders who purchased their coins within the past 155 days. Statistically, the longer an investor holds their coins, the less likely they become to sell them in the future. As such, the STHs with their relatively low amount of holding time are considered to represent the weak hands of the market.

Like usual, this cohort has also panicked in the face of the latest price volatility. Below is the char

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