Bitcoin Mid-Term Holder Exchange Transfers Fall to 4.4% From 40.4% in June
On-chain analysis cited by CryptoQuant contributor IT Tech says 4.4% of recent Bitcoin transfers by holders who bought 6–12 months ago went to trading platforms, down from 40.4% in mid-June.
Bitcoin holders whose purchases were made 6 to 12 months ago have largely stopped transferring coins to exchanges. Of their recent Bitcoin transfers, 4.4% went to a trading platform, compared with 40.4% in mid-June. The analysis was conducted by IT Tech, a contributor using on-chain data from CryptoQuant. It was…