CryptoQuant says BTC short-term holders shift from capitulation to profit-taking

CryptoQuant said Bitcoin short-term holders, or STH, have shifted from a capitulation phase to a profit-taking phase. Since Aug. 17, local time, short-term holders have transferred 467,000 BTC, worth about $35.4 billion, to exchanges, with bitcoins in profit now accounting for most exchange inflows, according to CryptoQuant.