23,300 BTC held at a loss flows into exchanges

U.Today reported that 23,300 BTC held at a loss were deposited into exchanges over the past 24 hours, citing a contribution from Maartunn on CryptoQuant. This movement is interpreted as being for stop-loss selling rather than profit-taking. Today, amid spreading risks from the war in Iran, BTC fell to an intraday low of $63,019, dropping below the $64,000 mark. BTC's cumulative decline in February is approximately 19%. The market anticipates the potential for increased volatility if capitulation selling, primarily from short-term holders, continues.