Bitcoin may be putting in its next local bottom as retail investors offload profits, new research says. In a QuickTake blog post released on Wednesday, onchain analytics platform CryptoQuant eyed a key event for BTC price action. Bitcoin retail investors are reducing BTC exposure as price hovers around $120,000, CryptoQuant confirmed. Exchange flows, however, are nuanced; inbound transactions are increasingly coming from newer investors, commonly known as short-term holders (STHs). “Increased Short-Term Holder (STH) Activity on Binance Signals Potential Profit-Taking,” contributor Amr Taha summarized. Taha ... (full story)