CryptoQuant: 47,300 BTC moved to exchanges at a loss as Bitcoin nears $74,000

Bitcoin short-term holders have shifted large sums of the cryptocurrency to major exchanges while realizing significant losses, signaling a build-up in potential selling pressure as markets hover near the $74,000 level. Recent data from CryptoQuant, an analytics firm tracking on-chain activity, shows that about 47,300 BTC arrived at exchanges over a 24-hour window, all valued below the owners’ acquisition price. During the same period, only around 1,100 BTC transferred to exchanges at a profit. Total inflows for that day reached roughly 48,500 BTC, equivalent to approximately $3.6 billion based on a Bitcoin price of $74,000. Analyst Amr Taha separately identified similar trends, noting 46,060 BTC moved into exchange wallets at a loss on November 10, following an even larger wave of 50,790 BTC a week earlier, on November 3.

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