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Short-term Bitcoin holders continue to capitulate

June 15, 2023
in Crypto Exchanges
Reading Time: 1 min read
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Fast Take

Brief-term holders are anybody who has held Bitcoin for lower than 155 days.
Yesterday, June 14, short-term holders despatched 17,000 Bitcoin to exchanges at a loss, one of many highest quantities this 12 months.
On a 7-day shifting common, we’re in a extremely elevated degree of capitulation.
Taking a look at short-term holder provide, there was a rise of 64,000 Bitcoin, which may very well be thought of sensible cash selecting up low-cost Bitcoin.

STH Supply: (Source: Glassnode)
STH Provide: (Supply: Glassnode)
STH at a loss: (Source: Glassnode)
STH at a loss: (Supply: Glassnode)

The put up Brief-term Bitcoin holders proceed to capitulate appeared first on CryptoSlate.

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