Bitcoin short-term holders have increased activity recently
According to financial reports, Glassnode data shows that the activity of Bitcoin short-term holders (STH) has increased significantly recently. The largest short-term holder activity since May 2021 occurred on January 12, during which $6.1 billion in Bitcoin was transferred. This massive shift is mainly attributed to profit-taking as Bitcoin rose to highs of $49,000 on the back of ETF approval.
According to financial reports, Glassnode data shows that the activity of Bitcoin short-term holders (STH) has increased significantly recently. The largest short-term holder activity since May 2021 occurred on January 12, during which $6.1 billion in Bitcoin was transferred. This massive shift is mainly attributed to profit-taking as Bitcoin rose to highs of $49,000 on the back of ETF approval.