Short-term Bitcoin holders continue to capitulate

High number of coins sent to exchanges at a loss yesterday

This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
Make preferred on Google logo

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)