Glassnode: Short term BTC holders have transferred $3 billion worth of BTC to CEX at a loss price in the past 2 days
BlockBeats reported that on October 2nd, according to Glassnode data, the group of short-term Bitcoin holders has purchased approximately 100000 bitcoins since September 19th. As of September 27th, the price of Bitcoin has soared above $66000, and as the price rises, short-term holders have begun to buy heavily. But as prices began to fall, they began to sell off their assets. In the past two days, short-term holders have sent approximately 64000 bitcoins worth $4 billion to the trading platform. About 3 billion US dollars were sent at a loss price. On the other hand, long-term holders seem to remain calm. During the same time period, as a group, they only sent 100 bitcoins to the trading platform at a loss. BlockBeats note: Glassnode defines "short-term holders" as investors who have held Bitcoin for less than 155 days. When the BTC price falls below its cost price, this group often panic and sell.