Glassnode data shows that in the past two days, short-term holders or those who have held Bitcoin for less than 155 days have sent a total of 83,000 BTC (worth about $7.8 billion) to CEX at a loss. This is the highest number on record, and analysts believe that when this group tends to send tokens worth $2 billion or more to exchanges, it usually signals that the market has temporarily bottomed out. Currently, the trading price of Bitcoin is down only 7% from its historical peak, and investors who bought in the past week are the only ones who would incur losses.