Short-term Bitcoin holders send 23,000 BTC to exchanges at a loss amid price drop

Short-term Bitcoin holders sharply increased loss-taking sales as BTC fell in the short term, according to a CryptoQuant analysis. Based on on-chain data, about 23,000 BTC was deposited to exchanges by short-term investors at a loss immediately after the price decline, while around 14,300 BTC flowed to exchanges over the same period from holders taking profits.