Analyst: Short-term investors have transferred nearly $8 billion of BTC to CEX at a loss in the past two days, which may represent a short-term bottoming out of the market
This article is machine translated
Show original
According to analyst Van Straten citing data, short-term holders or those holding Bitcoin for less than 155 days have sent $7.8 billion (83,000 BTC) worth of Bitcoin to CEXs at a loss over the past two days. Van Straten stated that this is the highest number on record. When this group tends to send tokens worth $2 billion or more to trading platforms, it usually signals a local bottom. The current Bitcoin trading price is only 7% below the all-time high, and investors who bought in the past week are the only entities that will incur losses.
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content