Bitcoin's latest dip to $76K has pushed
short-term holders into heavy losses.
According to Crypto Quant analyst
Darkfost, over 36,600 $BTC C were
transferred to exchanges at a loss within
just 24 hours.
Binance also recorded 45,400 BTC in
short-term-holder inflows over seven days,
its highest October reading.
This signals growing pressure on recent
buyers.
But here's something worth watching:
heavy capitulation can sometimes mean
weaker hands are running out of coins to
sell, potentially setting the stage for a
short-term recovery.
Whether that happens depends on what
buyers do next.
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #BinanceSAFUFundTransferCompleted7499BTC #CZDismissesClaimsBinanceHackWasPredicted #YiHe:ProofOfReserves:10TokensAt100%Backing
short-term holders into heavy losses.
According to Crypto Quant analyst
Darkfost, over 36,600 $BTC C were
transferred to exchanges at a loss within
just 24 hours.
Binance also recorded 45,400 BTC in
short-term-holder inflows over seven days,
its highest October reading.
This signals growing pressure on recent
buyers.
But here's something worth watching:
heavy capitulation can sometimes mean
weaker hands are running out of coins to
sell, potentially setting the stage for a
short-term recovery.
Whether that happens depends on what
buyers do next.
#BinanceUpdatesProofofReservesAddresses #BinanceToResumePhaseOneOfWithdrawals #BinanceSAFUFundTransferCompleted7499BTC #CZDismissesClaimsBinanceHackWasPredicted #YiHe:ProofOfReserves:10TokensAt100%Backing
