Data: Panic selling by short-term BTC holders has cooled, with inflows into Binance falling to historic lows.

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According to ChainCatcher, CryptoQuant analyst Darkfost reports that BTC has recently rebounded slightly as geopolitical tensions and economic and trade pressures persist, and the market has entered a consolidation phase.

Panic selling by short-term holders (STH) peaked, with approximately 100,000 BTC flowing into Binance over seven days. This figure has since fallen significantly, with STH BTC inflows into Binance dropping to around 25,000, a record low. Analysts believe this change signifies a substantial easing of selling pressure in the market, a positive signal for the currently stressed risk asset market.

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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.
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