Bitcoin Short-Term Holders Take Profits: 41,800 BTC Sent To Exchanges

Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and publishing How Our News is Made Strict editorial policy that focuses on accuracy, relevance, and impartiality Ad discliamer Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio. On-chain data shows Bitcoin short-term holders have transferred a large amount of tokens to exchanges alongside the asset’s recovery rally. Bitcoin Short-Term Holders Have Made Profit Transactions To Exchanges In a new post on X, CryptoQuant community analyst Maartunn has talked about the latest trend in the exchange deposit transactions of Bitcoin short-term holders (STHs) . Related Reading XRP In A ‘Super Cycle’? SuperTrend Suggests Another Story 23 hours ago STHs include the BTC investors who purchased their coins within the past 155 days. They make up for one of the two main sides of the network divided on the basis of holding time, with the other side being known as long-term holders (LTHs) . Historically, the STH cohort has proven to represent the weak hands of the market, who easily react to market volatility. In contrast, LTHs include the diamond hands of the sector. Bitcoin has witnessed a recovery rally recently, so, considering the track record of STHs, some selling from them is likely to have occurred. One way to track distribution from the group is through its exchange inflow data. Below is the chart shared by Maartunn that shows the exchange deposit transactions that Bitcoin STHs have made over the last couple of months. Looks like profitable exchange inflows have shot up in recent days | Source: @JA_Maartun on X In the graph, the STH exchange inflows are shown separately for profit and loss transactions, based on whether holders held an unrealized gain or loss before sending the tokens to exchanges. From the chart, it’s apparent that the 24-hour sum of the STH exchange deposit transactions in profit has shot up as the cryptocurrency has gone through its rally, reaching a high of 41,800 BTC. Meanwhile, loss exchange inflows have shrunken, falling to a low of 1,800 BTC. Thus, it would appear that selling focus from STHs has largely shifted to profit-taking. Though, while some STHs may be harvesting profits, the cohort has a whole is still in a state of net unrealized loss as Bitcoin is trading below the STH Realized Profit, as highlighted by the analyst in another X post . How the Realized Price of the STHs has fluctuated over the last few years | Source: @JA_Maartun on X The “ Realized Price ” is an on-chain metric that measures the average cost basis of Bitcoin investors or addresses as a whole. The STH version specifically tracks the break-even level of the supply purchased within the past 155 days. Related Reading Bitcoin Rally Accompanied By ‘Very Bullish’ Whale-Retail Behavior, Santiment Says 1 day ago As displayed in the above chart, the Bitcoin spot price plummeted under the STH Realized Price during the drawdown of Q4 2025. Since then, it has remained under the line, although the latest rally has brought it close. Currently, the indicator’s value is situated at $99,412. BTC Price Bitcoin has gone down since its high above $97,000 earlier in the week as its price is now trading around $94,600. The trend in the price of the coin over the last five days | Source: BTCUSDT on TradingView Featured image from Dall-E, chart from TradingView.com