Bitcoin’s seven-day average daily spot and US ETF trading volume was about $6.8B through Oct. 6, lower than on 90% of days since January 2024, according to @glassnode. On Oct. 4, profitable short-term holders accounted for about 86% of coins sent to exchanges, the highest share in a year. Those transfers show potential selling pressure; they do not confirm completed sales. via @hardeyjumoh https://cryptoslate.com/bitcoins-failed-breakout-reveals-a-dangerous-mix-of-thin-volume-and-easy-profits/