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Murphy says Bitcoin long-term holders realised $139m of losses on 5 Nov

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On-chain analyst Murphy said Bitcoin long-term holders' realised losses sent to exchanges, LTH-RLTE, hit $139m on 5 Nov, among the largest readings in a year outside February and June. He said short-term holders, whose average cost is around $75,000-$76,000, are mostly staying out.

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The story so far: Bitcoin holder selling pressure analysis

On-chain analysts have tracked Bitcoin holder exchange inflows during the recent decline, with short-term holders moving large volumes and realising losses. Murphy said LTH realised losses hit $139m on 5 Nov. MAC.D now says short-term holder exchange inflows fell 69.7% to about 9,900 BTC on 9 Nov, which could support…

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  1. Murphy says Bitcoin long-term holders realised $139m of losses on 5 Nov

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