Data: In the past 24 hours, short-term holders transferred 48,500 BTC to trading platforms, of which 47,300 were at a loss.

November 11 - CryptoQuant analyst Darkfost stated in a post that since October, BTC has experienced a sustained distribution phase, with the price retracing approximately 15%. After short-term holders (STHs) went through a round of profit-taking, loss-making transactions are now dominant.

In the past 24 hours, short-term holders transferred 48,500 BTC to trading platforms, of which 47,300 BTC were transferred at a loss. This is one of the larger capitulation selling events by short-term holders in recent months.