Record $7.8 Billion in Bitcoin Sold by Short-Term Holders Signals Potential Market Bottom

According to a recent report by COINOTAG News on November 27th, analyst Van Straten referenced data from Glassnode, indicating that short-term Bitcoin holders—those who have held the cryptocurrency for less than 155 days—have transferred approximately $7.8 billion worth of Bitcoin (equivalent to 83,000 BTC) to centralized exchanges (CEX) at a loss over the past two days. Straten highlighted that this event marks the highest recorded outflow of Bitcoin from this demographic. Generally, when short-term holders move over $2 billion worth of tokens to exchanges, it often signifies a potential local market bottom. Currently, Bitcoin is trading only 7% below its all-time high, with only those investors who made purchases in the preceding week experiencing losses. This market behavior aligns with historical patterns observed during significant trading shifts.