Onchain Radar (@onchain_radar)
Bitcoin short-term holders send 47,600 BTC in profit to exchanges
Bitcoin short-term holders sent approximately 47,600 $BTC in profit to exchanges as Bitcoin approached $88,000.
The increase in profitable coins moving toward exchanges signals rising profit-taking pressure after the latest rally and introduces potential near-term supply.
Exchange inflows do not guarantee that the coins will be sold, but elevated realized profits and transfers from short-term holders can increase the risk of volatility around recent highs.