Short-term Bitcoin holders continue to capitulate

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.
STH supply: (Source: Glassnode)
Bewildered STH: (Source: Glassnode)
Bewildered STH: (Source: Glassnode)

A post about short-term Bitcoin holders continuing to surrender first appeared on CryptoSlate.

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