COINTELEGRAPH · 2026-11-11 11:05 UTC

Bitcoin short-term holders send 47K BTC to exchanges at a loss

Short-term holders sent 47,025 BTC carrying unrealized losses to exchanges in the 24 hours to midnight UTC, the third-highest 24-hour total since July per CryptoQuant. Bitcoin fell to $72,670, its lowest level since Aug. 20, while short-term holders' average cost basis was around $75,700. CryptoQuant's Julio Moreno said a sustained break below $73,000 followed by a failed retest would strengthen the case for bear-market continuation.

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