"Weak hands" of Bitcoin sell 15,000 BTC at a loss: Are lows below $100,000 approaching?
This week, 15,000 bitcoins have been moved at a loss by short-term holders, increasing the possibility of a drop in BTC price below $100,000.
"Weak hands" of Bitcoin sell 15,000 BTC at a loss: Are lows below $100,000 approaching?
Market update
Key points:
Short-term holders of Bitcoin sold 15,000 BTC at a loss during the week.
On-chain data suggests a price floor for Bitcoin in the range of $97,000 to $94,000.
Bitcoin (BTC) is experiencing a relatively quiet week, as the armed conflict between Israel and Iran and the uncertainty ahead of the FOMC meeting have led investors and traders to stay on the sidelines. Despite the quiet markets, on-chain data from CryptoQuant revealed a notable development, seeing how more than 15,000 BTC in the hands of short-term holders (STH) moved at a loss this week.
