The sharp pullback in the cryptocurrency market in recent weeks has put significant pressure on short-term Bitcoin investors in particular. According to data shared by CryptoQuant analyst Darkfost, short-term investors have transferred over 80,000 $BTC to Binance in the last seven days. At current prices, this represents approximately $5 billion in potential selling pressure.
According to the analyst, Bitcoin has lost over 28% of its value since May, retesting the $60,000 level. The negative market sentiment has also caused the Crypto Fear and Greed Index to fall below 10. This is considered a significant indicator of a period of extreme fear in investor psychology.
Darkforth highlighted that short-term investors suffered the most during the recent correction, and that this group is highly sensitive to market movements. According to the data, the 80,000 $BTC transferred to Binance in the last week is the second highest level recorded after the historic inflows exceeding 100,000 $BTC seen in February.
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