🔍 Short-term Bitcoin holders have transitioned from "capitulation" to "profit-taking" mode. Since August 17, 467,000 BTC have been moved to exchanges, per CryptoQuant. Yet, despite the outflow, experts observe that Bitcoin’s price hasn’t dropped. This suggests stronger market resilience than expected, with demand absorbing the increased supply. Short-term holders cashing in doesn’t always mean a downturn—context matters. #Bitcoin #CryptoMarket #OnChainAnalysis
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