After Bitcoin's price broke above $80,000, short-term holders transferred 28,690 BTC coins to centralized exchanges while these coins were still held at a profit. This move indicates short-term selling pressure as investors take profits following the price surge. Despite this selling activity, Bitcoin maintained its position above $80,000 and stayed above its 21-day and 50-day exponential moving averages, suggesting ongoing market strength.
Bitcoin short-term holders moving 28,690 coins to exchanges at a profit provides context for cryptocurrency market activity. For readers following major cryptocurrencies on Pluang as of Nov 06, 2026 17:02 WIB: breadth was weak with only 5 of 50 assets rising. Among notable movers, ADA fell 7.66% with 67% sell orders and a typical hold time of 128 days, CRV dropped 7.62% with 83% sell orders and a hold time of 62 days, while FIL declined 7.58% but saw 99% buy orders and a hold time of 100 days.
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