Not a good sign for Bitcoin right now 📉: On-chain data from Axel Adler Jr. sho… · @0xzxcom · TwKit

@0xzxcom

Not a good sign for Bitcoin right now 📉: On-chain data from Axel Adler Jr. shows that short-term BTC holders (holders under 6 months) have been moving their coins to exchanges at a loss for months, with the 24-hour net inflow hitting negative 18,600 BTC yesterday. The share of profit-driven inflows has crashed from 75% to just 16% this week, clearly most near-term buyers are sitting on losses and looking to exit 👀

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