Bitcoin short-term holders transfer 44,300 BTC to CEX, largest profit-taking since 2026

Huo Xing Finance reports that on August 20, crypto analyst Darkfost stated that Bitcoin recorded its largest single-day gain since February 2026, rising 7.1% on the day. This rally pushed Bitcoin’s price above the short-term holder (STH) cost basis, triggering large-scale profit-taking by short-term holders. Data shows that short-term holders transferred over 44,300 BTC to exchanges yesterday, marking the largest profit-taking event since 2026. The current STH cost basis is approximately $67,100; after BTC surpassed this level, some previously profitable holders began moving their assets. Darkfost noted that this rally was driven by multiple factors. Previously, U.S. Treasury Secretary Bessent announced that the U.S. would advance long-term Treasury buyback operations and double their scale, causing long-term U.S. Treasury yields to fall rapidly. Subsequently, Trump spoke at a White House event focused on the crypto industry, stating that the U.S. is considering purchasing large amounts of BTC, urging Congress to pass the Clarity Act, and expressing interest in facilitating Hyperliquid’s entry into the U.S. market. The market continues to assess whether these policy statements are merely speculative discussions or reflect the U.S. government’s genuine intent to become the global hub for crypto. As BTC attempts to break through key resistance levels—including the STH cost basis—the on-chain behavior of short-term holders remains worth close monitoring.