BlockBeats News, on March 6, CryptoQuant analyst Darkfost stated, "Although Bitcoin has experienced a slight rebound, short-term holders (STH) do not seem to believe in it and are more inclined to take quick profits. In the past 24 hours, STH has transferred over 27,000 BTC to exchanges, a level that is among the highest in recent months.
Currently, the only STH who can realize profits are investors who accumulated their positions one week to one month ago, with an average exit price of around $68,000. The current news flow and macroeconomic outlook remain somewhat negative in the short term, so this behavior is understandable and relatively rational to some extent. At present, this signals a noteworthy selling pressure, as STHs do not appear to be prepared for long-term holding."
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