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CryptoQuant: As BTC breaks through $75,000, short-term holders have sold over 65,000 coins in the past 24 hours
CryptoQuant analyst Darkfost tweeted that yesterday, when Bitcoin tested the $75,000 mark, short-term holders (STHs) significantly increased BTC transfers to exchanges, sending over 65,000 BTC within 24 hours. Among them, profit-taking was dominant, with about 61,000 BTC being sold for profit.
Darkfost pointed out that any price increase is currently seen as an exit opportunity, regardless of whether it is profitable. Short-term holders remain highly sensitive and quick to react in the face of price fluctuations.
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