ChainCatcher Message, there have been interesting dynamics in the Bitcoin market recently. According to CoinDesk, analyst Van Straten cited Glassnode data indicating that over the past two days, short-term holders have transferred approximately 83,000 bitcoins to centralized exchanges at a loss, totaling around $7.8 billion, setting a new historical high.

Van Straten also mentioned that when short-term holders' loss transfers exceed $2 billion in Bitcoin, it typically indicates that the market may be nearing a local bottom. Current data shows that approximately 678,000 bitcoins are in a loss position. Nevertheless, the current price of Bitcoin is only down 7% from its all-time high, with only investors who bought in the past week facing losses. 📉📊