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As Bitcoin plunges on Friday, Coinbase sees highest weekly BTC sales since FTX crash

According to Glassnode data, on January 12th, the amount of Bitcoin sent to exchanges by short-term holders (holding for less than 155 days) reached a record high, equivalent to a profit of $2.271 billion. However, with Bitcoin's sharp drop last Friday, short-term holders on exchanges suffered losses of $4 billion, indicating a possible change in market sentiment.

In addition, Coinbase's BTCUSD trading pair recorded its highest sales volume since the FTX crash in November 2022 within a weekly time frame.

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