Bitcoin Rally Pauses as Short-Term Holders Deposit 61,000 BTC to Exchanges

2026-04-17 07:05

Bitcoin's recent price rally has been met with significant selling pressure as short-term holders (STHs) deposited 61,000 BTC, valued at approximately $4.5 billion, to centralized exchanges. This influx, the highest since February, suggests profit-taking by investors who acquired their coins within the last 155 days. The surge in exchange deposits, peaking at 11,000 BTC per hour, has stalled Bitcoin's upward momentum, despite the cryptocurrency trading at $74,400, a 4% increase over the past week. The market remains watchful to see if this selling pressure will lead to a more significant price correction.

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