Attention crypto enthusiasts! 🚀

Bitcoin (BTC) has hit three-month highs, and speculators are taking advantage to take profits. Data from Glassnode shows that short-term holders (STH) are sending BTC to Binance in record amounts since March.

📈 STHs have transferred 7,127 BTC (approx. $480 million) to Binance, looking to lock in their profits. The STH profit/loss ratio is at 1.2, indicating a possible positive shift in investor sentiment.

🔍 Although demand for BTC has decreased since March, supply has also shrunk, which could lead to increased volatility.

What do you think about these market moves? Leave us your comment!