Over 92% of Bitcoin exchange inflows come from short-term holders

According to CryptoQuant data, most of the inflows to Bitcoin exchanges over the past month have come from short-term holders. Data shows that on September 12, addresses holding Bitcoin for less than three months accounted for more than 92% of the total inflows to exchanges. More than 83% of the inflows to exchanges came from coins held for less than a week. The inflows of funds held for more than three months increased from 0.55% on September 11 to 7.59% on September 12, indicating that some long-term holders have also begun to take profits. Although short-term traders have dominated the inflows, the slight increase in long-term selling reflects the growing caution of investors, who may see the current price level as an opportunity to exit.