Crypto Express
07/16 04:18
Cashing out at Bitcoin’s expense
Investors are exiting the market quickly.
Glassnode data confirmed a $3.5 billion realized profit in the last 24 hours.
The sell-off came from both long-term holders (LTHs) and short-term holders (STHs). LTHs led the way, cashing out $1.96 billion (56%), while STHs offloaded $1.54 billion (44%).
This coordinated exit marked one of the largest cash-outs this year, signaling waning confidence in short-term upside. Historically, events of this magnitude have preceded broader market corrections.
With rising profit-taking pressure, Bitcoin risks sliding toward $115,000 or potentially lower.
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