According to ChainCatcher news and monitored by Cryptoquant analyst Axel Adler Jr, in the past 24 hours, a total of 17,800 Bitcoins were sold by short-term holders on centralized exchanges, of which 14,700 Bitcoins were sold at a loss, 3,100 Bitcoins were sold at a profit, resulting in a net selling volume of 11,600 Bitcoins.
The drop in Bitcoin prices occurred against the backdrop of the U.S. weekend attacks on three Iranian nuclear facilities, joining the ongoing conflict between Israel and Iran. The market is currently on high alert as Tehran may respond, including threats to U.S. personnel in the Middle East or a potential closure of the Strait of Hormuz.
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Analysts: Short-term holders sold 17,800 BTC within 24 hours, and the US-Iran conflict heightens market caution.
According to ChainCatcher news and monitored by Cryptoquant analyst Axel Adler Jr, in the past 24 hours, a total of 17,800 Bitcoins were sold by short-term holders on centralized exchanges, of which 14,700 Bitcoins were sold at a loss, 3,100 Bitcoins were sold at a profit, resulting in a net selling volume of 11,600 Bitcoins. The drop in Bitcoin prices occurred against the backdrop of the U.S. weekend attacks on three Iranian nuclear facilities, joining the ongoing conflict between Israel and Iran. The market is currently on high alert as Tehran may respond, including threats to U.S. personnel in the Middle East or a potential closure of the Strait of Hormuz.