đ„ BTC UPDATE đ„
Following up on previous analysis with short-term holder behavior (BTC holdings <155 days), who executed massive stop-loss orders yesterday:
1) Looking at BTC-denominated losses: Volume matches similar capitulation events from August 5 and March 19 this year. Historical precedent shows strong upward moves following such events.
2) In USD terms: $3.9B equivalent transferred to exchanges - an all-time record. This unprecedented USD volume is logical given BTC's historical price levels never exceeding $90,000.
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đžImportant clarification: The $3.9B figure represents BTC moved to exchanges for stop-loss execution, not forced liquidations. These stops could have triggered anywhere from 3-7% below entry - exact levels vary, but key point remains: holders sold at a loss
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