Data: In the past 2 days, short-term holders have transferred nearly 8 billion USD worth of BTC to CEX

Glassnode data shows that in the past two days, short-term holders or those who have held Bitcoin for less than 155 days have sent 83,000 BTC (worth about $7.8 billion) to CEX at a loss price. This is the highest number on record, and analysts believe that when this group tends to send tokens worth $2 billion or more to trading platforms, it usually signals that the market has bottomed out in the short term. The current Bitcoin trading price is only down 7% from its historical high point, and investors who bought in over the past week are the only entities that would be at a loss.