In the past 24 hours, short-term Bitcoin holders deposited 28,690 BTC into CEXs.

BlockBeats news, November 5th, after Bitcoin broke through $80,000, short-term holders (STHs) began to take profits. In the past 24 hours, short-term holders transferred 28,690 profitable BTC to trading platforms.

Despite short-term selling pressure, Bitcoin still managed to close above $80,000, while also standing above the 21-day and 50-day exponential moving averages (EMAs). This performance is a positive signal for Bitcoin's short-term trend.