Bitcoin profit-taking nears $74K peak as speculators send Binance $500M
Bitcoin short-term holders waste no time in sending coins to exchanges for mass profit-taking.
Bitcoin speculators have initiated mass profit-taking as BTC price gains take the market to three-month highs.
Data from onchain analytics platform Glassnode shows Bitcoin (BTC) short-term holders (STHs) cashing in on the price surge above $65,000.
Bitcoin investors who are relatively new to the market — entities hodling a given amount of BTC for 155 days or less — are busy sealing in profits at current levels.
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Author: William Suberg
