$5,690,000,000 BTC Hit Exchanges at Loss in Just 48 Hours: Details

According to Maartunn, a community analyst at on-chain data platform CryptoQuant, $5.69 billion worth of Bitcoin flowed to crypto exchanges at a loss in 48 hours as short-term holders capitulated. Deposits to exchanges often imply an intent to sell; this is the case as the market has seen a drop since the start of the week, with $441 million liquidated in the last 24 hours alone.