Bitcoin Short-Term Holders Send 47,025 BTC to Exchanges at a Loss
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Bitcoin holders who bought within the past 155 days sent 47,025 BTC carrying unrealized losses to exchanges in 24 hours, CryptoQuant said. Bitcoin fell to an 11-week low of $72,670, below their average cost basis of about $75,700, with roughly 27 loss-making BTC transferred for every profitable one.
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