Degen

According to the CryptoQuant analytics platform, around 170,000 Bitcoins held by short-term investors (3-6 months) are being moved, which could lead to significant price fluctuations.

This is the largest volume of movement since late 2021. Short-term investors are sending an average of 930 Bitcoins to exchanges per day, indicating selling pressure from this group of holders.

Analysts have described the event as a “classic shock” and believe that the price correction is not caused by the exit of smart investors, but rather a reaction from worried short- and medium-term holders.

Given the sideways movement of the Bitcoin price and the decrease in volatility, these movements are expected to lead to increased price fluctuations in the coming days.