Bitcoin profit-taking nears $74K peak as speculators send Binance $500M

Bitcoin short-term holders waste no time in sending coins to exchanges for mass profit-taking.

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Bitcoin speculators have initiated mass profit-taking as BTC price gains take the market to three-month highs.

Data from onchain analytics platform Glassnode shows Bitcoin (BTC) short-term holders (STHs) cashing in on the price surge above $65,000.

Bitcoin investors who are relatively new to the market — entities hodling a given amount of BTC for 155 days or less — are busy sealing in profits at current levels.

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