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On-chain data suggests increased selling pressure for Bitcoin, which may fall to $115,000 in the short term.
[Coin World] An on-chain data analyst stated that the current selling pressure in the Bitcoin market mainly comes from a certain platform. Around 10 AM this morning, 4950 BTC were transferred to that platform, causing BTC to fall to around 115,000 USD; however, one hour ago, another 3169 BTC were transferred to that platform.
Analysts indicate that the current on-chain data has only been updated until now, and if there are no new large transfers in the future, it is expected to fall to around 115,000 USD; if the on-chain BTC transfers to this platform continue, it is estimated that there is still room for further decline.