Bitcoin (BTC) speculators panicked as the market dipped below $70,000, the latest data confirms. Data from onchain analytics firm Glassnode shows that short-term holders (STHs) offloaded 54,000 BTC on Oct. 31 — the most since April. STH profits fizzle as BTC price gives up gainsOpportunistic Bitcoin traders quickly lost their cool as BTC/USD reversed from near all-time highs this week. According to Glassnode, which tracks transfer volumes from STH entities to exchanges, Oct. 31 alone saw 54,352 BTC (currently $3.76 billion) sent in inbound exchange transactions. STHs are wallets hodling a give…