According to on-chain monitoring data, since the 2024 halving, the amount of transfers transferred by short-term Bitcoin holders to exchanges when they are losing money has decreased significantly.
This transfer volume peaked at 90,000 BTC in early 2024, but stabilized below 30,000 BTC after the April halving.
Historical data shows that short-term holders of Bitcoin tend to increase transfer activity during major price declines, reflecting panic selling. This trend was particularly evident during the 2018 bear market and the March 2020 COVID-19 crash.
However, after the 2024 halving, the market showed greater stability and investor confidence, and panic transfers decreased. Still, it’s important to monitor transfer volume, as its spikes often signal significant price movements and could be a potential indicator of changes in market sentiment. #非农就业数据即将公布
