During our recent mini-dip from $27.9k to $26.5k we had the second-highest short-term holder sell off for the whole year. Clearly still some paper-hands left in the market…

Many would think that this massive bear market must have hardened all of us, we were all the way down to $15k and a fairly good amount of people here had also bought near the ATHs and thus were down -70% just on BTC briefly and over -90% on almost all altcoins. But it seems like there will truly never be a shortage of "paper-hands".

While we are all already certain that the only way to invest in Crypto and be successful without getting gray hair due to looking at charts literally 24/7, is the simply a be a long-term investors and not care about this short-term noise or crabbing like right now, but clearly many did not take this advice dearly yet…

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Chart showing transfer volume from short-term holders to exchanges, from James V. Straten

Here we can see the flow from short-term holders wallets to exchanges, which we can pretty certainly assume is for selling. Here we just saw the second-biggest spike for this whole year that is also nearly over. The reason for that? A minor "ant" dip to $26.5k from $27.9k, this is literally just continued sideways movement and you won't even be able to see this dip on the chart in a few days.

I obviously don‘t want to degrade any short-term holders here because obviously many of them have their reasons too, but this is a pretty good metric to see that there are still enough investors that are too impatient for a grand reward at the other side of all this, unlike us.