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Bitcoin short-term holders send 47K BTC to exchanges at a loss

CO
Cointelegraph
By Cointelegraph by William Suberg
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Bitcoin short-term holders send 47K BTC to exchanges at a loss
Photo / Coverage: CointelegraphCredit: Cointelegraph by William Suberg
EXECUTIVE SUMMARY

Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.

Key Takeaways

  • Bitcoin short-term holders send 47K BTC to exchanges at a loss.
  • Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.
  • Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.

Bitcoin fell to an 11-week low of $72,670 after slipping below short-term holders’ average cost basis of about $75,700, according to CryptoQuant.

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