Bitcoin speculators repeat 2021 de-risking as exposure drops 21.6K BTC

BTC price action over the past month has had major consequences for Bitcoin investor dynamics.

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Bitcoin (BTC) speculators have net distributed more than 21,000 BTC over the past month in an exit which rivals records, data shows.

In a Quicktake blog post on Sept. 9, onchain analytics platform CryptoQuant revealed capital “flowing” to long–term holders.

BTC price performance in recent weeks has led to a collapse in faith among its newer hodler cohorts.

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