$BTC 🟢 Short-term holders have started to actively sell off, a good sign for a halt, at least for an upward correction.

The amount of BTC transferred to exchanges for selling at a loss has increased to peak levels since the beginning of 2024, averaging $15 million over the last 3 hours, which corresponds to local lows throughout the visible chart, except for January 2024 (but there it was just the beginning of a dump from the peak reached the day before).

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• The spike (A) has been crossed out, as it was a transfer of a large volume between wallets within one entity, i.e., not for sale.