According to Foresight News, glassnode reported that in the past 24 hours, most of the on-chain spending of Bitcoin (BTC) came from short-term holders (STH). Among them, short-term holders (STH) accounted for $18.24 billion (85.5%); long-term holders (LTH) accounted for $3.1 billion (14.5%), with a total spending amount of $21.34 billion. This indicates that the current round of selling is primarily driven by recent buyers, rather than long-term investors. Note: Spending volume refers to the total amount of Bitcoin moved or used on the blockchain within a certain period, not simply "selling" or "trading volume".
Glassnode: Bitcoin's recent 24-hour sell-off was led by short-term holders, with over 85% of on-chain spending coming from new buyers.
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