Imminent Bitcoin price crash? Over $3 billion BTC moves to exchanges in a week
As Bitcoin (BTC) faces heightened volatility below the $100,000 resistance zone, on-chain data suggests the digital currency may face further declines in the coming days. Specifically, over 33,000 BTC valued at more than $3.23 billion has been transferred to cryptocurrency exchanges in the past week, according to data from prominent on-chain analyst Ali Martinez on December 27. Bitcoin exchange reserves chart. Source: CryptoQuant/Ali_charts A breakdown of the data shows a sharp uptick in Bitcoin exchange reserves, rising from 2.395 million BTC on December 18 to 2.428 million BTC by December 25. This movement coincided with a decline in Bitcoin’s price, which dropped from $105,000 to $98,400 over the same period. Picks for you 4 altcoins to buy under $0.10 for the start of 2025 3 hours ago ...