Bitcoin price: Bitcoin short-term holders send 47K BTC to exchanges at a loss
Bitcoin (BTC) short-term holders sent upwards of 47,000 BTC to exchanges on Tuesday as Bitcoin declined to an 11-week low, with the coins worth less than their purchase price. CryptoQuant's net unrealized profit/loss (NUPL) metric indicated that short-term holders touched their highest level of unrealized…
In this article
In the latest Bitcoin price update, Bitcoin (BTC) short-term holders sent upwards of 47,000 BTC to exchanges on Tuesday as Bitcoin declined to an 11-week low, with the coins worth less than their purchase price, according to Cointelegraph. CryptoQuant's net unrealized profit/loss (NUPL) metric indicated that short-term holders touched their highest level of unrealized profitability since November 2025 as Bitcoin advanced to $87,200 in September.
Key points
- Short-term holders' average cost basis was roughly $75,700, Cointelegraph earlier reported.
- The biggest 24-hour inflows of BTC carrying unrealized losses since late July occurred on Oct. 8.
- CryptoQuant head of research Julio Moreno noted Bitcoin could still be in the downtrend that started in November 2025.
- On Friday, they edged lower back into an aggregate unrealized loss.
What happened: Bitcoin price
The tally was among the biggest 24-hour totals in the four months of data tracked by CryptoQuant and came as Bitcoin dropped to $72,670, its weakest reading since Aug. 20. The biggest 24-hour inflows of BTC carrying unrealized losses since late July occurred on Oct. 8, hours following Bitcoin slipped back to $80,000. Short-term holders' average cost basis was roughly $75,700, Cointelegraph earlier reported.
On Friday, they edged lower back into an aggregate unrealized loss. CryptoQuant head of research Julio Moreno noted Bitcoin could still be in the downtrend that started in November 2025.
Why traders are watching Bitcoin price
Crypto markets trade around the clock and react quickly to regulation, ETF flows, liquidity conditions and broader risk sentiment. Moves in Bitcoin often set the tone for the rest of the digital-asset market.
Changes in interest-rate expectations and institutional flows have become major drivers of crypto prices, linking them more closely to traditional markets.
Market reaction and data
Crypto prices at the time of writing, from Binance spot data (2026-11-11 11:16 UTC):
| Asset | Last price (USDT) | 24h change | 24h high | 24h low |
|---|---|---|---|---|
| Bitcoin (BTC) | 74,040.00 | -0.48% | 74,843.82 | 72,727.27 |
| Ethereum (ETH) | 2,062.18 | -1.83% | 2,109.09 | 2,006.00 |
On the currency side, the latest ECB daily reference rates (2026-11-10) show EUR/USD 1.1214, GBP/USD 1.3423, AUD/USD 0.6904, NZD/USD 0.5628, USD/JPY 158.18, USD/CHF 0.8207, USD/CAD 1.4136, USD/CNY 6.6703. These are reference fixes, not live quotes.
What to watch next for Bitcoin price
Watch for ETF flow data, regulatory news, large on-chain movements and shifts in overall risk appetite in stock markets.
Follow every update in our Top 10 Crypto News Today, read Bitcoin price: Bitget Wallet reports sevenfold jump in crypto phishing risk alerts or see all of today's top market news.
FAQ
What is the latest Bitcoin price news?
Bitcoin (BTC) short-term holders sent upwards of 47,000 BTC to exchanges on Tuesday as Bitcoin declined to an 11-week low, with the coins worth less than their purchase price.
What moves the price of Bitcoin?
Bitcoin reacts to institutional and ETF demand, regulation, liquidity and interest-rate expectations, as well as general risk sentiment in financial markets.
Where does this information come from?
This report is based on coverage from Cointelegraph, checked against market data where available. It is a summary for information only and not investment advice.
Risk warning: This article is for information only and is not investment advice. Trading forex, CFDs, stocks and crypto carries a high risk of losing money. Prices move fast – check live quotes before you trade.
