quick take
- Short-term holders are those who have held bitcoin for less than 155 days.
- Yesterday, June 14, short-term holders transferred 17,000 bitcoins to exchanges at a loss, one of the highest amounts of the year.
- Looking at the 7-day moving average, we are in a very high level of surrender.
- Looking at short-term holder supply, there was an increase of 64,000 BTC, which can be considered smart money picking up cheap BTC.
A post about short-term Bitcoin holders continuing to surrender first appeared on CryptoSlate.
