Bitcoin Falls Below $80,000, but Short-Term Holder Exchange Inflows Remain Limited
Bitcoin fell below $80,000, but exchange inflows from short-term holders, or STHs, have remained relatively limited, crypto analyst Darkfost wrote.On X, formerly Twitter, on Oct. 26, Darkfost said Bitcoin had tested the $80,000 level several times and slipped below it, while exchange inflows from short-term holders stayed relatively contained.Over the past 24 hours, short-term holders transferred a total of 19,800 Bitcoin to exchanges, he wrote. Of that amount, 11,300 Bitcoin were moved at a profit and 8,500 at a loss.That is not excessive compared with exchange inflows seen over the past few months.Darkfost added that exchange inflow activity from short-term holders has been stabilizing, aside from a sharp spike in inflows on Oct. 8.