Short term holders in profit sent record Bitcoin to exchanges on road to $50k

2024-2-14 18:40

Quick Take

On Feb. 12, Bitcoin’s value ascended above $50,000 for the first time since Dec. 2021, marking a nearly 20% increase over the past month.

This surge was accompanied by robust inflows from the spot Bitcoin ETF, indicating a heightened investor interest. Notably, this rally has been reflected in significant profit transfers to exchanges, particularly from short-term holders (STHs) who have held Bitcoin for less than 155 days.

Short Term Holder in profit to exchanges: (Source: Glassnode)

CryptoSlate reported that on Feb. 8 and 9, STHs transferred over $4 billion worth of Bitcoin in profit to exchanges. On Feb. 12, as Bitcoin crossed the $50,000 threshold, about $2.3 billion in profit was sent to exchanges by STHs, echoing similar movements witnessed on Jan. 26 and Jan. 11. Despite the rallying Bitcoin value, the trend of profit transfers to exchanges persists among investors.

A minor uptick was observed among long-term holders, those who have held Bitcoin for more than  155 days, with a profit transfer of about $142 million, a figure that significantly trails the values associated with STHs.

Long Term Holder in profit to exchanges: (Source: Glassnode)

The post Short term holders in profit sent record Bitcoin to exchanges on road to $50k appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 62990.41 (+0.23%)
Объем 24H $28.168b
Изменеия 24h: 2.72 %, 7d: -1.10 %
Cегодня L: $62780.02 - H: $63088.03
Капитализация $1240.627b Rank 1
Цена в час новости $ 49529.65 (27.18%)

bitcoin past month surge 2021 increase marking

bitcoin past → Результатов: 126


Фото:

Over Half A Billion Dollars In Crypto Liquidations As Bitcoin Traders Prepare For The Worst

Cryptocurrencies continue to face a turbulent week after Bitcoin dipped below $43,000 on Thursday, further worsening a situation that has been at play for over 2 months. In the past 24 hours, the total value of crypto futures liquidated went past $530 million according to Coinglass as Bitcoin fell further from $43,000 to $41,695. During […]

2022-1-8 22:58


Фото:

Bitcoin Flows Past Multiple ATHs To $46K; Elon Musk’s “It Was Inevitable” Now Makes Sense

Following the announcement of a $1.5 billion BTC investment by Tesla and likely making it possible to pay for Tesla cars using Bitcoin, the price has become untouchable. Bitcoin soared past $42k and quickly flew past new all-time highs at $43K, $44K, $45K to the current $46K and counting. The top coin has gained double digits […]

2021-2-10 16:09


Фото:

Bitcoin On the Cusp of Facing Another Wave of Intense Selling: Analyst

Bitcoin has faced some intense selling pressure throughout the past 48 hours, with bears stepping up and trying to reverse the cryptocurrency’s recent strength They have been continuously targeting $30,000, with the crypto tapping this level on a few occasions before rocketing higher Its rally has so far been somewhat weak, and reversed nearly the instant that the crypto moved past $36,000 This is a grave sign that points to some underlying weakness amongst bulls […]

2021-1-13 21:00


Фото:

Bitcoin May Need to Shed $2,000 and Tap Liquidity Region Before Rallying Higher

Bitcoin has been caught in the throes of an immense bull market over the past few days and weeks This has allowed its price to multiple over the past few months, racing from summer/fall lows of $8,600 to highs of $23,700 that were set yesterday morning The strength seen by the cryptocurrency comes as its macro-outlook brightens, with institutions and large banks warming to the technology Furthermore, there are already some signs of an imminent […]

2020-12-19 02:00