Analysts: Short-term holders have switched to 549,000 BTC after being squeezed, but Bitcoin still retains most of its gains
CryptoQuant analyst Axel Adler Jr. stated that short-term holders of Bitcoin, holding for no more than 6 months, have transferred a total of 549,300 BTC to exchanges.
During the same period, the price of Bitcoin rose from $64,000 to $78,000, an increase of about 21%; after reaching a local high of $81,800, it fell by about 4.1%, but still retained most of the gains.
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