Bitcoin Short-Term Holder Market Cap Falls $65B After Korean Exchange Volume Divergence

TLDR: Upbit recorded its largest-ever negative Bitcoin spot volume at -$9.3B on May 19, 2026. Bithumb Korea added -$1.8B in negative volume, bringing the combined Korean total to -$11.12B. Bitcoin’s Short-Term Holder Market Cap dropped from $388B to $323B between May 21 and May 24. The $65B STH Market Cap decline pushed the metric back [...]

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