#onchain $BTC

😐 CryptoQuant: Short-term holders sold 65,200 BTC ($6b) at a loss in 24 hours.

The STH P&L to Exchanges Sum 24H indicator reflects the volume of BTC short-term holders sent to exchanges with unrealized losses. This metric records the transfer, not the actual transaction. However, withdrawals to an exchange usually indicate preparation for a sale, so some BTC has likely already been sold, while some may be pending sale.

BTC
BTC
88,720.09
-4.81%