Short-term holders just hit 4.08M $BTC
Highest since mid-June!
What this means:
đž +422K BTC added since July low - Fresh retail & speculative capital flowing in
đž Cost basis $74.9K - STH still up 10% unrealized profit
đž 2,200 BTC/hr moving to exchanges - but selling pressure weakening vs Oct 8 peak
đž Whale wallets 20,338 ATH - Smart money accumulating
Watch $74.9K - If BTC drops below STH cost basis, they go to loss = more selling pressure.
#bitcoin #BTCâ #Onchain #STH #CryptoNews #WhaleWatch #BitcoinNews
#BitcoinShortTermHoldersReach4.08MBTC
Highest since mid-June!
What this means:
đž +422K BTC added since July low - Fresh retail & speculative capital flowing in
đž Cost basis $74.9K - STH still up 10% unrealized profit
đž 2,200 BTC/hr moving to exchanges - but selling pressure weakening vs Oct 8 peak
đž Whale wallets 20,338 ATH - Smart money accumulating
Watch $74.9K - If BTC drops below STH cost basis, they go to loss = more selling pressure.
#bitcoin #BTCâ #Onchain #STH #CryptoNews #WhaleWatch #BitcoinNews
#BitcoinShortTermHoldersReach4.08MBTC