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Bitcoin ‘sodlers’ dump $4B in two days as BTC sales hit 18-month high

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<div>Bitcoin 'sodlers' dump B in two days as BTC sales hit 18-month high</div>
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Source: Coin Telegraph

BTC price weakness clearly makes speculators nervous as single-day selling pressure hits its highest since after the Terra LUNA collapse.

Bitcoin (BTC) speculators panic sold as the BTC price corrected toward $40,000, the latest on-chain data suggests.

Figures from on-chain analytics firm Glassnode show short-term holders (STHs) offloading more than $2 billion in BTC on Dec. 12 alone.

Bitcoin saw its biggest single-day drop of 2023 this week — one which at one point totaled 8.1%, data from Cointelegraph Markets Pro and TradingView confirms.

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Author: William Suberg

Related posts:

  1. Short-Term Bitcoin Holders Taking the Brunt of BTC Capitulation: Analytics Firm Glassnode
  2. Bitcoin speculators are underwater on 88% of their BTC bags — Research
  3. Nigeria Bureau De Change Association Boss Accuses Speculators of Destabilizing the Naira— Says Central Bank Funding Will End Currency Woes
  4. Bitcoin Whale Count Shrinks- Speculators Assume Trickle Distribution or Possible Address Reorganizations
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