Bitcoin’s Drop on Thursday Spurred Panic Sales Among Short-Term Holders: Van Straten

Short-term holders sent over $2 billion of Bitcoin to exchanges at a loss on Thursday. This was the highest amount since August, signaling panic selling as Bitcoin dipped below $70,000. The activity involved 54,000 BTC, the highest volume since March 271. The sell-off wasn’t limited to Bitcoin. About $1 trillion was wiped from the US […]