Bitcoin short-term holders panic and send coins to exchanges at a loss as a BTC price U-turn gathers momentum.
Bitcoin (BTC) speculators panicked as the market dipped below $70,000, the latest data confirms.
Data from onchain analytics firm Glassnode shows that short-term holders (STHs) offloaded 54,000 BTC on Oct. 31 — the most since April.
Opportunistic Bitcoin traders quickly lost their cool as BTC/USD reversed from near all-time highs this week.
