Short-term Bitcoin holders continue to capitulate

Quick Take

• Short-term holders are anyone who has held Bitcoin for less than 155 days.
• Yesterday, June 14, short-term holders sent 17,000 Bitcoin to exchanges at a loss, one of the highest amounts this year.
• On a 7-day moving average, we are in a highly elevated level of capitulation.
• Looking at short-term holder supply, there has been an increase of 64,000 Bitcoin, which could be considered smart money picking up cheap Bitcoin.

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