The largest short-term holder fund transfer activity of Bitcoin since May 2021 has occurred, reaching a scale of 6.1 billion US dollars
The trading dynamics of Bitcoin ETFs on January 10th and 11th demonstrated the behavior trends of short-term holders (STH). Short-term investors who held Bitcoin for less than 155 days transferred a total of $6.1 billion to exchanges on these two days, setting a record high since May 2021. It is reported that a large part of these transfers (2 billion dollars on January 10th and a record-breaking $2.263 billion on January 11th) were realized by sending profits to exchanges, highlighting that short-term holders have adopted specific investment strategies, resulting in substantial profits from the digital asset market.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
The Federal Reserve reverse repo operation accepted $20.339 billion
Data: 31.4049 million SKY transferred from an anonymous address, worth approximately $2.1 million
The intraday gain of USD/JPY has expanded to 0.5%, now quoted at 156.66.
New York Silver Futures Soar 7% Intraday, Now Trading at $76.71 Per Ounce