Analysis: The current selling pressure on Bitcoin mainly comes from Coinbase. An hour ago, 3169 BTC transfers occurred again.
According to online reports, online data analyst Murphy issued an article saying that the current selling pressure in the Bitcoin market mainly comes from Coinbase. At around 10 o'clock this morning, 4950 BTC items were transferred to Coinbase. After this transfer, BTC dropped to around US$115,000; however, an hour ago, 3169 BTC items were transferred to Coinbase again. Analyst Murphy said that the current chain data is only updated here. If there is no new large transfer in the future, it is expected to fall to around US$115,000; if the transfer of BTC to Coinbase in the chain continues, there is still room for decline.
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