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Analysis: Short-term Holders Sold 17,800 BTC in Past 24 Hours, Net Selling 11,600 BTC
Summary: According to Cryptoquant analyst AxelAdlerJr, in the past 24 hours, a total of 14,700 BTC were sold on centralized exchanges, with 14,700 sold at a loss and 3,100 sold at a profit. Short-term holders collectively cashed out 17,800 BTC, resulting in a net sale of 11,600 BTC. AxelAdlerJr stated that the background of Bitcoin's decline ...
According to Cryptoquant analyst AxelAdlerJr, in the past 24 hours, a total of 14,700 BTC were sold on centralized exchanges, with 14,700 sold at a loss and 3,100 sold at a profit. Short-term holders collectively cashed out 17,800 BTC, resulting in a net sale of 11,600 BTC.
AxelAdlerJr stated that the background of Bitcoin's decline is the US attacks on three nuclear facilities in Iran over the weekend and involvement in the ongoing war between Israel and Iran. Due to potential responses from Iran, including threats to US personnel in the region and possible closure of the Strait of Hormuz, the market is currently in a state of high alert.
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Link: Analysis: Short-term Holders Sold 17,800 BTC in Past 24 Hours, Net Selling 11,600 BTC [Copy]
