During Bitcoin's break above $97,000, over 40,000 profitable Bitcoins were transferred to CEX.

BlockBeats News, January 15th, analyst Darkfost combined on-chain metrics information to indicate that despite Bitcoin's strong short-term rebound breaking through $97,000, short-term holders (STH) seem more inclined to take profits.

During yesterday's Bitcoin breakout above $97,000, over 40,000 BTC in a profitable position were sent to CEX. Darkfost suggests that STHs are evidently still impacted by the recent correction, seemingly requiring more upside potential and stronger confirmation to rebuild confidence and generate enough unrealized gains to encourage holding instead of selling.