Risk Warning: Beware of illegal fundraising in the name of 'virtual currency' and 'blockchain'. — Five departments including the Banking and Insurance Regulatory Commission
Information
Discover
Search
Login
简中
繁中
English
日本語
한국어
ภาษาไทย
Tiếng Việt
BTC
ETH
HTX
SOL
BNB
View Market
Cryptoquant analyst: The recent rise in Bitcoin prices has led to a significant increase in network activity, which may bring new selling pressure
2024-09-24 11:58:13
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)