Short-term holders transferred 47,025 BTC to exchanges while crystallizing unrealized losses, as Bitcoin fell below their average acquisition price of about $75,700. The 24-hour volume ranked third since July, behind a previous peak of 50,500 BTC on October 8. Bitcoin also dropped to $72,670, its lowest level since August 20. CryptoQuant analyst Julio Moreno said a sustained break below $73,000 followed by a failed rebound would strengthen the case for the bear market to continue.
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