Bitcoin has risen more than 23% over the past three days, prompting signs of profit-taking as about 53,000 BTC moved into major exchanges. Roughly 17,800 BTC entered Binance, and all of it came from short-term holders, particularly investors who had held their coins for less than one day. Holders who had kept Bitcoin for more than six months sent no BTC to Binance. The flow was the largest into Binance since February 2026, when short-term holders underwent a notable market capitulation (forced selling after sharp losses). The renewed movement of short-term capital onto exchanges suggests speculative trading has intensified and is contributing to a rise in crypto-market volatility.