Apart from the October 8 spike, STHs are getting calmer, while bitcoin:native has tested the $80 000 level several times.
Despite the drop below this threshold, STHs have not sent excessive amounts of Bitcoin to exchanges today.
Whether in profit or at a loss, the numbers have remained very moderate.
In total, 19 800 BTC were sent to exchanges by STHs over the last 24 hours, of which 11 300 BTC were in profit and 8 500 at a loss.
These figures are clearly far from excessive compared to what we've observed in recent months.
Seeing activity calmer and more stable is a good sign for what comes next.