Nov 19, 2025
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Bitcoin Short-Term Holders Panic: 65,200 BTC Sent To Exchanges At Loss
Recent on-chain data reveals that Bitcoin short-term holders (STHs) have transferred a significant amount of BTC to exchanges at a loss, indicating another capitulation wave.
Key Points
- STHs, who bought Bitcoin within the last 155 days, are known for reacting quickly to market volatility.
- Amidst current bearish trends, STHs have increased their exchange deposits, signaling potential selloffs.
- During downtrends, STHs often sell at a loss due to their higher cost basis.
- Recently, 65,200 BTC were sent to exchanges in 24 hours, valued at $6.08 billion.
- This STH activity coincided with Bitcoin's price drop towards $89,000 before rebounding.
- Glassnode reported an elevated panic selling level, with losses reaching the highest since November 2022.
Bitcoin Price Movement
Bitcoin's price has rebounded to $92,800 following the recent decline.
