✉news BusinessCrypto first seen 3 h ago, last 3 h ago, peak #7
Bitcoin mid-term holders sharply cut exchange transfers
Original: Bitcoin mid-term holders slash exchange transfers to 4.4% from 40.4% in June
Bitcoin held by mid-term holders being moved to exchanges has fallen to 4.4%, down from 40.4% in June. The sharp decline suggests long-positioned holders are choosing to keep coins off exchanges rather than sell, a shift traders often read as reduced selling pressure. Market watchers say the trend points to growing conviction among mid-term holders, though analysts caution that on-chain metrics alone do not predict where prices head next.
Why now: The steep drop in mid-term holder exchange deposits signals reduced selling pressure, which crypto investors interpret as bullish.
Evidence
API: https://socialmediatrends-api.osmike.com/v1/trends/2785755