Bitcoin Mid-Term Holders Slash Exchange Transfers
Mid-term holders have significantly reduced their exchange transfers, dropping to 4.4% compared to 40.4% in June.
Mid-term holders of Bitcoin ($BTC) have dramatically reduced their exchange transfers, according to data from TradingView. The proportion of transfers fell to 4.4%, a substantial decrease from the 40.4% recorded in June.
Exchange Transfer Shift
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The sharp decline highlights a notable change in behavior among mid-term market participants regarding their exchange activity. This contraction in transfer volume points to a shift in how these cohorts manage their digital assets.
Key facts
- Mid-term holders reduced exchange transfers to 4.4%
- Transfers stood at 40.4% in June
- Data provided by TradingView
Source: news.google.com
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