Cryptoquant analyst: The recent rise in Bitcoin prices has led to a significant increase in network activity, which may bring new selling pressure

Odaily News Cryptoquant analyst XBTManager reported that the recent upward trend in Bitcoin prices has seen a significant increase in network activity, which may bring new selling pressure. Data shows that between September 18 and 24, there were large-scale transfers of Bitcoin in multiple holding periods. XBTManager pointed out that the significant movement of coin volume in each stage during this period reflects the continued transfer activity on the Bitcoin network. Analyzing whether these Bitcoins are being transferred to exchanges will help assess the potential depth of selling pressure. As network transfer activity increases, Bitcoin's upward momentum has begun to slow. (Cryptoquant)