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Short-term Bitcoin holders continue to capitulate

High number of coins sent to exchanges at a loss yesterday

James Van Straten
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James Van Straten
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Quick Take

  • Short-term holders are anyone who has held Bitcoin for less than 155 days.
  • Yesterday, June 14, short-term holders sent 17,000 Bitcoin to exchanges at a loss, one of the highest amounts this year.
  • On a 7-day moving average, we are in a highly elevated level of capitulation.
  • Looking at short-term holder supply, there has been an increase of 64,000 Bitcoin, which could be considered smart money picking up cheap Bitcoin.
STH Supply: (Source: Glassnode)
STH Supply: (Source: Glassnode)
STH at a loss: (Source: Glassnode)
STH at a loss: (Source: Glassnode)
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James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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Bitcoin BTC (24h)
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