Bitcoin Short-Term Holders Deposit Over 36,600 BTC at a Loss as Metric Flips Negative

Bitcoin tested the $76,000 level on October 30 as short-term holders transferred more than 36,600 BTC to cryptocurrency exchanges at a loss within a 24-hour period. The seven-day moving average of short-term holder Net P/L to Exchanges dropped to -3,022 on October 30, marking its first negative reading since August 18 after standing at +21,182 on October 24. Concurrently, seven-day cumulative inflows from short-term holders to Binance reached an October high of 45,400 BTC, signaling growing capitulation pressure among recent market entrants.