Bitcoin Drops 7% as U.S. Holdings Fall by 17,468 BTC and Short-Term Holders Move 45.6K BTC to Exchanges
Key Highlights: U.S. government-tracked wallets monitored by CryptoQuant shed 17,468 BTC—valued at approximately $1.44 billion—across three tranches between Oct. 6 and Oct. 8. The transfers served as a market catalyst, triggering short-term holders to deposit roughly 45,600 BTC to exchanges within a 24-hour window, with 24,900 BTC sent at a loss. Bitcoin’s key structural support ...