Short-term Bitcoin holders moved about $2.2 billion worth of Bitcoin to trading platforms on Monday

Odaily Planet Daily News Bitcoin short-term holders left at a loss on Monday as prices fell, while derivatives traders also stopped losses, resulting in a sharp drop in open futures contracts on the Chicago Mercantile Exchange.

According to Glassnode's definition, short-term holders are addresses that hold Bitcoin for less than 155 days. Data shows that these addresses transferred more than 21,000 BTC (about $2.2 billion) to trading platforms during the 4.7% drop in Bitcoin prices (the biggest drop in two weeks) and sold them at a loss. The number of bitcoins transferred to trading platforms was the second largest this month, which may reflect that investors who bought Bitcoin when it was close to its historical high (about $108,000) at the beginning of the year panicked because the price suddenly fell below $100,000.