Short-term Bitcoin holders moved about $2.2 billion worth of Bitcoin to trading platforms on Monday

Odaily News Short-term bitcoin holders exited their positions at losses as prices fell on Monday, while derivatives traders also cut losses, leading to a sharp drop in open futures contracts on the Chicago Mercantile Exchange.
According to Glassnode's definition, short-term holders are addresses that hold Bitcoin for less than 155 days. Data shows that these addresses transferred more than 21,000 BTC (about $2.2 billion) to trading platforms during the 4.7% drop in Bitcoin prices (the biggest drop in two weeks) and sold them at a loss. The amount of Bitcoin transferred to trading platforms was the second largest this month, which may reflect that investors who bought Bitcoin when the price was close to its all-time high (about $108,000) at the beginning of the year panicked because of the sudden drop in prices below $100,000.