$BTC Bitcoin's decline prompted short-term holders to sell 47,300 BTC ($3.5b) at a loss over the past 24 hours (CryptoQuant)
The STH P&L to Exchanges Sum 24H indicator reflects the volume of BTC held by short-term holders that was sent to exchanges at an unrealized loss. The metric records the transfer, not an actual trade. Nevertheless, moving funds to an exchange usually indicates preparation to sell, so some BTC has likely already been sold, while some may still be awaiting sale.
The STH P&L to Exchanges Sum 24H indicator reflects the volume of BTC held by short-term holders that was sent to exchanges at an unrealized loss. The metric records the transfer, not an actual trade. Nevertheless, moving funds to an exchange usually indicates preparation to sell, so some BTC has likely already been sold, while some may still be awaiting sale.