Bitcoin Short-Term Holders Move 41,800 BTC To Exchanges As Price Pulls Back From $97,000 High

On-chain data attributed to CryptoQuant analyst Maartunn indicates that Bitcoin short-term holders have recently shifted 41,800 BTC in profitable deposits to exchanges while loss-making deposits fell to 1,800 BTC. During this period, Bitcoin’s spot price dropped from above $97,000 to around $94,600 and remained below the short-term holder Realized Price level of $99,412.