47,428 BTC.
That’s how much short-term holders just sent to exchanges—in the last 24 hours.
According to CryptoQuant’s Maartunn, it’s the largest wave of profit-taking in weeks.
What does this tell us?
Short-term holders (STHs) are usually the first to react—either in fear or in greed. When they rush to exchanges, it often means:
They're locking in profits while sentiment feels high
They expect a pullback or are front-running potential volatility
Or they're responding to macro triggers (like interest rate signals, regulatory news, etc.)
This kind of movement doesn’t always mean a crash is coming—but it does shape the short-term narrative.
Smart money watches this closely because:
STH activity is a proxy for market confidence
Exchange inflows can shift momentum
It creates potential setups for traders who understand behavioral patterns
What’s fascinating is that profit-taking isn’t panic—it's positioning.
And in the current environment, where many are still on the sidelines or in disbelief, this could signal either:
A local top forming
Or just healthy rotation before another leg up
Let’s discuss in the comments:
Is this a signal to de-risk—or just noise in a bull market reset?
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