Bitcoin Short-Term Holders Transfer 14,700 BTC to Exchanges at Loss

Recent on-chain data indicates that short-term holders of Bitcoin are selling at a loss due to increased market volatility driven by geopolitical tensions. Key points include:

Short-term holders (STHs) are defined as investors who acquired Bitcoin within the last 155 days.
14,700 BTC has been transferred to exchanges by STHs, indicating elevated selling activity despite losses.
Profitable transfers from STHs remain low at 3,100 BTC, reflecting tight profit margins after recent price declines.
The average cost basis for STHs is close to current market prices, limiting profitability.

As of now, Bitcoin is trading around $101,300, down over 5% in the past week.