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CryptoSlate: Approximately 96% of BTC transferred to exchanges by long-term holders on Nov 10 was below estimated cost basis
According to CryptoSlate, citing CoinGlass data, long-term holders transferred approximately 6,182.67 BTC to exchanges on November 10. Of this amount, about 5,949.95 BTC were transferred below the estimated cost basis, accounting for roughly 96% of the group's total inflows for the day. Inflows below the cost basis decreased by 29.22% compared to the previous day. This statistic only covers the group's total exchange inflows and does not represent all Bitcoin or exchange net reserves; a transfer does not necessarily mean they have been sold.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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