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What caused this wave of sharp decline? Will it continue to plunge? Or you'll know after looking at this set of data below!
Earlier, approximately 48,000 BTC from STH (short-term holders) were transferred to exchanges for profit-taking. Based on the cost, these chips were likely purchased during the 65,000~70,000 range consolidation period. This wave of selling volume is notably more aggressive than the previous rebound at 98,000 USD, when it was approximately 41,000 BTC.
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