Analyst Axel Adler said in a post on X that Bitcoin short-term holders, or STHs, are still sending profitable BTC to exchanges for sale. Over the past seven days, the amount of such Bitcoin transferred by short-term holders to exchanges was about 11,000 BTC. That figure was down roughly 66% from an earlier peak of 32,000 BTC. Adler said the change points to easing sell pressure from this cohort. The update focuses on exchange inflows from short-term holders and suggests that, while profit-taking has not stopped, the scale of those transfers has fallen notably from the previous high.
ChainCatcher reported that analyst Axel Adler said in a post on X that Bitcoin short-term holders, or STHs, are still selling profitable BTC through exchanges.
Over the past seven days, about 11,000 BTC tied to short-term holders was transferred to exchanges, down roughly 66% from a previous peak of 32,000 BTC, according to Adler. He said the shift shows that sell pressure has eased.
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