Updated, Bitcoin transfer volume from short-term holders to exchanges shows significant fluctuations. Glassnode data shows a significant decline in these transfers from January to July. In early 2024, volume peaked at around 90,000 BTC, in line with market volatility, before stabilizing below 30,000 BTC post-halving in April.😊
The historical data shows an increase in transfer activity during major price drops. The bear market in 2018 showed consistent spikes as prices fell, reflecting panic selling among short-term bond holders. This trend emerged again in March 2020 when the COVID-19 crisis occurred.😷🤧
In comparison, the post-2024 halving period saw reduced volatility and fewer panic-induced transfers, indicating increased market maturity and investor confidence.
Even though conditions are currently stable, monitoring transfer volumes remains important. Spikes often precede significant price movements, thus serving as potential indicators of shifts in market sentiment
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note 📢;** This is not an invitation or invitation to buy or sell, just my personal view of the current conditions. All your decisions in trading are your own responsibility**.
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