**Bitcoin Investors Cash In as Prices Hit Three-Month Highs**

Bitcoin (BTC) has surged to three-month highs, prompting short-term holders (STHs) to take profits. Data from Glassnode reveals that STHs, who have held BTC for 155 days or less, are cashing in as prices climb above $65,000.

- On October 14, STHs transferred 7,127 BTC (around $480 million) to Binance, marking the largest inflow since BTC hit $73,800 in March.

- Across all major exchanges, STH transfer volumes are the highest since early June.

Glassnode's analysis shows STHs are enjoying healthy profit margins, with a Profit/Loss Ratio of 1.2, indicating a positive shift in investor sentiment. Despite a decline in BTC demand since March, supply availability has also tightened, potentially leading to increased market volatility.

This article does not provide investment advice. Always conduct your own research before making financial decisions.