Analyst: Short-term Bitcoin holders tend to take profits, transferring over 27,000 BTC to exchanges in the past 24 hours

By: rootdata|2026/03/06 20:44:09
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CryptoQuant analyst Darkfost stated, "Despite a slight rebound in Bitcoin, short-term holders (STH) seem to be skeptical and are more inclined to take quick profits. In the past 24 hours, STH have transferred over 27,000 BTC to exchanges, a level that is among the highest in recent months.

The only STH currently able to realize profits are those who accumulated positions one week to one month ago, with an average realization price of around $68,000. The current news flow and macroeconomic expectations remain negative in the short term, so this behavior is somewhat understandable and relatively rational. Currently, this constitutes a noteworthy selling pressure signal, as STH do not seem prepared to hold positions for the long term."

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