I've noticed while analyzing the chain that when BTC rises around $75,000, short-term holders tend to sell quite a lot. It seems that over 65,000 coins were sent to exchanges within 24 hours, and most of them were profit-taking sales, with about 61,000 coins secured for profit.



Looking at this, it appears that for short-term holders, the very act of the price going up is a selling opportunity. Even in situations where the price tests $75,000, the holders react immediately and take profits. It’s clear they are very sensitive to price fluctuations.

Currently, the price is at $76.33K, but I wonder if this short-term selling trend will continue. These chain movements are helpful for reading market psychology.
BTC-0.51%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin