According to CryptoQuant, since August 17, short-term Bitcoin holders (STH) have transferred approximately 467,000 BTC to exchanges, worth around $35.4 billion. Their behavior has shifted from 'capitulation selling' to profit-taking. While BTC was below the realized price for short-term holders, only about 35% of BTC inflows to exchanges were in profit; since August 20, this ratio has risen to 92%. This shift began when BTC reclaimed the short-term holders' realized price of $67,600. Over the next 15 days, the STH cost basis rose to $70,600, indicating that new market entrants are establishing positions at higher prices. https://(wublock123.com)/news/cryptoquant-bitcoin-short-term-holders-profit-taking-92-percent-exchange-inflows-profitable-67841