Bitcoin has risen more than 23% over the past three days, and fresh on-chain data now points to profit-taking by short-term traders. Crypto analyst Darkfost said about 53,000 BTC moved into major trading platforms during that stretch, including roughly 17,800 BTC sent to Binance alone. According to the data, all of the BTC that flowed into Binance came from short-term holders, with wallets holding coins for less than one day standing out in particular.
By contrast, holders that have kept BTC for more than six months did not move any coins to Binance. Darkfost said this suggests the latest exchange inflows are being driven by short-term speculative capital rather than structural selling from long-term holders. The analyst added that this marks the largest BTC inflow to Binance since February 2026, a period when short-term holders previously went through a clear capitulation phase. The renewed wave of short-duration capital moving in and out of exchanges points to stronger speculative activity and a pickup in crypto market volatility.
BlockBeats reported on Aug. 22 that crypto analyst Darkfost said Bitcoin has gained more than 23% over the past three days, with signs of profit-taking starting to show after the sharp move higher.
Data cited by Darkfost showed that about 53,000 BTC flowed into major trading platforms, including roughly 17,800 BTC transferred to Binance. All of the BTC sent to Binance came from short-term holders, especially investors who had held their coins for less than one day.
In contrast, long-term holders who have held BTC for more than six months did not transfer any BTC to Binance. Based on that breakdown, Darkfost said the latest inflows were mainly driven by short-term speculative capital rather than structural selling by long-term holders.
The data also showed that this was the largest BTC inflow to Binance since February 2026. In February this year, short-term holders went through a clear capitulation phase. Darkfost said the latest large-scale movement of short-term capital in and out of exchanges shows speculative trading has become more active again, and that these brief and sudden fund flows are pushing crypto market volatility higher.
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