Bitcoin short-term holders send 47K BTC to exchanges at a loss
Summary
Bitcoin recently dropped to an eleven-week low, dipping under the average cost basis of short-term investors. Following this market decline, short-term holders transferred significant amounts of the cryptocurrency to exchanges while experiencing financial losses.
Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.
Source: Read the full story at Cointelegraph.com News
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