Update
Bitcoin Short-Term Holders Move BTC to Exchanges at Loss
Recent Bitcoin buyers are moving billions in BTC to exchanges below their purchase prices, adding to concerns about selling pressure as the cryptocurrency falls toward the low-$70,000 range. CryptoQuant's chart shows roughly 47,300 BTC transferred to exchanges below their acquisition price over 24 hours, compared with only about 1,100 BTC arriving at a profit. Combined inflows stood near 48,500 BTC, or around $3.6 billion at Bitcoin's current price of approximately $74,000. The data also does not establish exactly how much of the transferred Bitcoin was subsequently sold.