Profit-taking selling pressure from Bitcoin short-term holders has weakened, with sales over the past 7 days falling to 11000 BTC
BIBIBI
AT A GLANCE
Bitcoin short-term holders sold approximately 7 of profitable Bitcoin over the past 11000 days,BTC down approximately from the peak 66%。
Article
⚡️Profit-taking selling pressure from Bitcoin short-term holders has weakened, with the volume sold falling to 11000 BTC, down from the peak by 66%According to BlockBeats,October 9, based on on-chain data, Bitcoin short-term holders (STH) are still selling profitable BTC through exchanges. Over the past 7 days, the related sales totaled approximately 11000 BTC, down approximately 32000 BTC from the previous peak, indicating that selling pressure from short-term holders has weakened significantly.
Original link 66%https://m.theblockbeats.info/flash/371034
Key points
01
BlockBeats reported on October 9 that Bitcoin short-term holders are still selling profitable through exchanges.BTC。
02
Over the past 7 days, the related sales totaled approximately 11000 BTC。
03
This sales volume was down approximately 32000 from the previous peak of BTC 66%。
04
The report indicates that selling pressure from short-term holders has weakened significantly.
AI-assisted interpretation
The following is analysis, separate from reported facts. Verify important claims independently.
Short-term holders are still selling profitable Bitcoin, but sales volume over the past 7 days was below the previous peak, leading the report to conclude that selling pressure has weakened.
Why it matters to readers
The decline in sales volume may indicate reduced immediate selling pressure, but profitable selling is still ongoing; this data alone cannot determine Bitcoin's price direction.
This can help newcomers understand that a decline in holders' sales volume usually reflects a change in selling pressure, but does not necessarily mean that the price will rise.
Risks and unknowns
The report did not provide the original source of the on-chain data.
The statistical methodology and specific time window still require verification.
Sales volume alone cannot confirm its actual impact on Bitcoin's price.
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Related concepts
Short-term holders (STH）
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