Analysts: Short-term holders continue to deposit profitable holdings on exchanges, with selling pressure down 66% from its peak over the past seven days.

On October 9, on-chain analyst Axel Adler Jr stated that short-term holders (STH) continue to sell profitable Bitcoin through exchanges. Over the past 7 days, the total transferred amount of such profit coins was 11,000 BTC, a 66% decrease in selling pressure compared to the previous peak of 32,000 BTC.