The headlines of Bitcoin (BTC) in the short term left the market on Monday, since the prices of the fall also saw the merchants derived from the towel, which led to a significant decrease in the bets of open futures in the commercial exchange in the commercial exchange Chicago
Short -term holders, defined by Glassnode as addresses with coins maintenance for less than 155 days, sent more than 21,000 BTC ($ 2.2 billion) for exchanges in a loss, since the largest cryptocurrency fell up to 4.7% , most of two by two in two weeks, according to COINDESK Indexes, prices.
The transfer to the exchanges, often a precursor of the sales, was the second largest this month and can reflect that the buyers who had bought when the price was close to the record of around $ 108,000 for the beginning of the year was scared for the sudden sliding back. The five digits.
These addresses, owned by active merchants, new participants and weak hands, tend to be sensitive to price turns often succumbing when prices slide. BTC fell to less than $ 98,000 when the weekend launch of the Chinese Startup Depseek challenged US leadership in AI and technology.
Other corners of the market also hinted at the capitulation, often observed in a local depth. For example, perpetual financing rates for BTC turned negative, a sign of the strongest demand for bearish bets. In general, it is when Bitcoin reaches a minimum, such as January 13, when Bitcoin fell below $ 90,000 and August 5, during the transport trade.
The disbursement also occurred in the Chicago Mercantile Exchange, a proxy of the institutional activity, which saw the greatest notional fall in the open interest (OI) together with a two -digit slide in the Chips manufacturer Nvidia (NVDA). Bitcoin OI notional a record of $ 2.4 billion fell (17,000 in terms of BTC), which causes the lowest base, according to Glassnode data.
The funds quoted in the stock exchange (ETF) quoted in Bitcoin (ETF) listed by the USA. They saw a massive exit of $ 457.6 million. A similar departure occurred on January 13, according to Farside data.
