Summary of Short-Term Holders Send $3B in Bitcoin to Exchanges at a Loss as Mideast Tensions Rise

Summary of Short-Term Holders Send $3B in Bitcoin to Exchanges at a Loss as Mideast Tensions Rise


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Short-Term Holders Send $3B in Bitcoin to Exchanges at a Loss as Mideast Tensions Rise


Geopolitical tensions triggered consecutive daily declines of almost 4% in bitcoin’s price.

https://www.coindesk.com/markets/2024/10/02/short-term-holders-send-3b-in-bitcoin-to-exchanges-at-a-loss-as-mideast-tensions-rise/?utm_medium=referral&utm_source=rss&utm_campaign=headlines

Bitcoin (BTC) registered consecutive declines of 3.7% as geopolitical tensions escalated in the Middle East, with short-term holders selling $3 billion worth of bitcoin at a loss. This marks the worst-ever start to an October, a month that's historically provided positive returns.