Amr Taha
Bitcoin Short-Term Holders Send 46,060 BTC at a Loss as Binance Sees Inflows from Recently Moved Coins in Early November
Binance recorded substantial daily Bitcoin inflows from recently moved coins in early November, coinciding with major waves of loss-making transfers by short-term holders . On November 1, Binance received 3,290 BTC from coins aged 1 day to 1 week. On November 3, another 8,114 BTC from the same age group entered the exchange. On November 9, daily inflows from coins aged 1 to 3 months reached 1,925 BTC. Binance Exchange Inflow by Holder Age tracks daily BTC deposits to Binance, classified by the time elapsed since the coins last moved, highlighting activity among recently moved coins. Meanwhile, STH P&L to Exchanges Sum 24H measures Bitcoin transferred by short-term holders to exchanges at a profit or loss over a 24-hour period. Within just one week, short-term Bitcoin holders recorded two major waves of loss-making transfers to exchanges: 50,790 BTC on November 3 and another 46,060 BTC on November 10, highlighting persistent pressure among short-term market participants. On November 10, profitable transfers stood near 1,700 BTC, meaning approximately 27 BTC arrived at a loss for every 1 BTC transferred at a profit. With Bitcoin trading near $74,000, both indicators highlight significant short-term Bitcoin activity, with Binance receiving recently moved coins while short-term holders across tracked exchanges transferred substantial amounts at a loss.