Bitcoin (BTC) has seen a mass profit-taking event which rivals its $69,000 all-time highs, new analysis reveals.

In a post on Dec. 5, James Van Straten, research and data analyst at crypto insights firm CryptoSlate, flagged billions of dollars heading to exchanges.

Bitcoin speculators sell as if all-time highs are back

BTC price gains have delivered a welcome reward to hodlers across the board in recent days as 19-month highs appear.

While old hands are retaining their share of the BTC supply, at the other end of the spectrum, so-called short-term holders (STHs) have been busy locking in profits on their investments.

STHs refer to entities holding a given part of the supply for 155 days or…

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