Data: In the past 24 hours, short-term holders have cashed out a total of 17,800 BTC, with net selling of 11,600 BTC

According to a report by Jinse Finance, Cryptoquant analyst Axel Adler Jr released a market analysis stating that a total of 14,700 BTC were sold on centralized exchanges in the past 24 hours, with 14,700 BTC sold at a loss and 3,100 BTC sold at a profit. Short-term holders collectively cashed out 17,800 BTC, resulting in a net sell-off of 11,600 BTC. The decline in Bitcoin comes against the backdrop of the United States attacking three Iranian nuclear facilities over the past weekend and joining the ongoing conflict between Israel and Iran. As Iran may retaliate, including threatening U.S. personnel in the region and potentially closing the Strait of Hormuz, the market is currently in a state of heightened alert.