During bitcoin's surge past $97,000, over 40,000 profitable bitcoins were transferred to CEX.
BlockBeats News, January 15, analyst Darkfost, combining on-chain indicator information, stated that although bitcoin experienced a strong short-term rebound and broke through $97,000, short-term holders (STH) seem more inclined to take profits.
During yesterday's bitcoin surge above $97,000, more than 40,000 profitable bitcoins were sent to CEX. Darkfost pointed out that STH are still clearly affected by the recent correction and seem to need more upside momentum and stronger confirmation to rebuild confidence and generate enough unrealized profits, which would encourage them to hold rather than sell.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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