Summary
- It was reported that the Bitcoin holdings of major exchanges increased by 20,000 BTC.
- It was stated that this could act as selling pressure in the short term.
- It was analyzed that if the change in investor sentiment continues, there could be downward pressure on Bitcoin prices.
An analysis has emerged suggesting that short-term selling pressure on Bitcoin (BTC) may increase.
On the 26th (local time), an IT Tech contributor to CryptoQuant stated on X, "The Bitcoin holdings of major exchanges, which had been decreasing, have increased by about 20,000 BTC," adding, "This could act as selling pressure in the short term." Furthermore, they analyzed, "This is due to a change in investor sentiment and position adjustments," and "If this trend continues, Bitcoin prices may face downward pressure."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
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