Short-term Bitcoin Holders Profit-Taking After Exchange Inflows

CryptoQuant analyst Axel Adler Jr. reported that short-term Bitcoin holders transferred 549,300 BTC to exchanges between August 19 and September 10. During this period, Bitcoin's price rose from $64,000 to $78,000 before a 4.1% correction from its $81,800 peak. The short-term holder SOPR indicator has remained above 1 for 22 consecutive days, signaling ongoing profit-taking. While market improvement is expected if prices break $81,800, increased exchange inflows alongside price weakness could indicate reduced market supply absorption capacity.