Short-term holders send 61,000 BTC to exchanges, stall Bitcoin rally

Short-term Bitcoin holders sent 61,000 BTC to centralized exchanges during the latest rally. On-chain data shows the largest STH inflow since early February.

The 24-hour STH deposit spike came as price pushed toward $76,000, according to analyst Maartunn’s chart on X. Elevated exchange inflows often signal pending sell pressure, which aligns with the rally stalling afterward.

- STH deposits reached 61,000 BTC, the highest since the early-February selloff Maartunn on X
- Overall exchange inflows topped 11,000 BTC per hour, the largest hourly spike since December CryptoQuant on X
- Bitcoin trades around $74,400, up over 4% week over week BTC price