Bitcoin Short-Term Holders Continue Exchange Inflows, But Price Holds On

On-chain data shows that Bitcoin short-term holders have continued to make exchange inflows, but the asset’s price has held on so far.
Bitcoin Short-Term Holders Make High Deposits For 20 Straight Days
According to data from the on-chain analytics firm Glassnode, the short-term holders have sent 617,000 BTC to exchanges during the past 20 days. The “short-term holders” (STHs) here refer to Bitcoin investors who have been holding onto their coins since less than 155 days ago.
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