Bitcoin

Billion

Coin

<ul class="news-points"> 
 <li>Short-term BTC unloaded over $4 billion in profit through crypto exchanges.</li> 
 <li>The massive sell-off occurred in two waves, from Thursday to the weekend.</li> 
 <li>Glassnode data attested to the uptick in the influx of funds from BTC traders to exchanges.</li> 
</ul> 
Data from prominent market intelligence platform Glassnode has shown considerable profit-taking by Bitcoin traders during recent market gains. Market participants <a href="https://x.com/Web3E25004/status/1757177058881380440?s=20" target="_blank" rel="nofollow">called attention</a> to the trend in numerous posts on X. 
Citing data from Glassnode, they claimed short-term Bitcoin holders have unloaded over $4 billion in profit through crypto exchanges. The massive sell-off was said to have occurred in two waves. The first was between last Thursday and Friday, followed by the second batch over the weekend. 
According to CoinMarketCap <a href="https://coinmarketcap.com/currencies/bitcoin/" target="_blank" rel="nofollow">data</a>, BTC broke into the $44k to $45k range between Thursday and Friday, marking a new threshold since its decline to $38,740 last month. BTC traders reportedly cashed out $2 billion this period. 
Interestingly, Bitcoin maintained its momentum and climbed further into the $47k range by the weekend, with traders cashing out an additional $2 billion. Essentially, these substantial increases in v…
The post <a href="https://coinedition.com/dump-alert-bitcoin-traders-unload-over-4-billion-in-profit-to-exchanges/">Dump Alert: Bitcoin Traders Unload Over $4 Billion in Profit to Exchanges</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Dump Alert: Bitcoin Traders Unload Over $4 Billion in Profit to Exchanges

Coin Edition

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