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📊 Short-term funds profit-taking, Binance BTC inflow hits a new high since February
Over the past 3 days, BTC has risen by more than 23%, with roughly 53,000 BTC flowing into major exchanges; of that, 17,800 BTC was transferred to Binance, all coming from short-term holders (positions held for less than 1 day).
Long-term holders (over 6 months) have not transferred BTC to Binance, indicating this is not a structural sell-off, but rather short-term speculative capital driving the move.
Short-term funds are rushing in and out in large volumes, and market volatility is rising again.
#BTC #Binance #Crypto
📊 Short-term funds profit-taking, Binance BTC inflow hits a new high since February
Over the past 3 days, BTC has risen by more than 23%, with roughly 53,000 BTC flowing into major exchanges; of that, 17,800 BTC was transferred to Binance, all coming from short-term holders (positions held for less than 1 day).
Long-term holders (over 6 months) have not transferred BTC to Binance, indicating this is not a structural sell-off, but rather short-term speculative capital driving the move.
Short-term funds are rushing in and out in large volumes, and market volatility is rising again.
#BTC #Binance #Crypto