Bitcoin Slides 4% as Short-Term Holder Transfers Raise Capitulation Fears

Bitcoin (BTC) fell more than 4% during the week ended Oct. 10 after climbing from roughly $75,000 to $87,000 over the previous three weeks, as short-term holder transfers raised concerns about selling pressure without confirming a market bottom. Short-term holders transferred 45,600 BTC to exchanges within 24 hours. About 29,100 BTC moved at a loss, marking the largest loss-side exchange flow since the June consolidation before a rally. A separate Oct. 8 reading showed 55,600 BTC in loss-side transfers by short-term holders.

Source: TokenPost