CryptoQuant Analyst: 36,600 BTC at a Loss Transferred to Exchanges

on October 31, according to monitoring by CryptoQuant analyst Darkfost, after Bitcoin tested $76,000 yesterday, short-term holders came under pressure and transferred over 36,600 loss-making BTC into exchanges within 24 hours.

In addition, the 7-day cumulative volume of BTC transferred by short-term holders to Binance reached up to 45,400 coins, marking a peak since October.

Darkfost believes that the increase in exchange inflows and the rise in loss-making BTC transfers reflect the pressure short-term holders have been facing recently; if capitulation among this group intensifies, it may indicate that the pullback is nearing its extreme, and short-term momentum could shift accordingly.