ChainCatcher message, blockchain analyst Van Straten cited Glassnode data, revealing the recent dynamic changes in the Bitcoin market. Short-term holders have transferred approximately 83,000 Bitcoins to centralized exchanges at a loss over the past two days, totaling about 7.8 billion USD, setting a historical record.

Van Straten pointed out that this phenomenon often indicates that the market may be approaching a local bottom, especially when the amount of loss transfers exceeds 2 billion USD. This data is worth noting, as currently about 678,000 Bitcoins are in a state of loss.

Although the Bitcoin price has only declined 7% from its historical high, investors who bought in the past week are facing losses. This market trend provides investors with a new perspective for observation.