The exchange's Bitcoin Wallet saw an influx of 30,000 BTC in one day. Is it going to crash?



A large amount of BTC is flowing into the exchange, which must mean someone wants to cash out. It's perfectly normal for early investors to take profits at this point. Just like when the stocks you bought have risen significantly, you'll always want to sell a portion; that's human nature and doesn't signify a market crash. In fact, there’s really no need to scare yourself. Over the past few years, I've seen daily flows of tens of thousands of coins, and every time someone shouts "market crash," the market continues to move as it should.

However, the risks do need to be closely monitored, especially with the CPI data coming out at 8:30 PM tonight. Market expectations are quite pessimistic, estimating that the CPI will jump up by 0.2 percentage points from the previous value to 2.6%; the core CPI is of even greater concern, as it might rise to 2.9%. If the CPI truly increases like this, the Federal Reserve's rate cuts will be even more uncertain, and definitely forget about July.

At this critical moment, funds are already sensitive. With 30,000 BTC plus CPI data, the market is expected to shake tonight. Stay calm and be prepared for taking profits and cutting losses.
BTC-0.23%
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