Phyrex
Phyrex|Aug 02, 2025 18:34
In the past 24 hours, there has been no significant change in the stock of BTC on the exchange, with no significant increase in transfers, no signs of significant preparation for selling, and no significant exit. Purchasing power has not increased significantly, and it now appears to be maintaining a fragile balance. But in fact, we have been saying for two months now that the recent rise of Bitcoin is not due to the increase in purchasing power, but because the selling pressure has further decreased, and more investors do not want to sell their chips. But if this premise is broken and selling pressure increases, for example, if 15000 BTC were transferred to the exchange on Friday and 10000 BTC are still held up, it is a risk. These 10000 BTC may be sold in the market at any time. And that's not all. As mentioned earlier, the Ancient Whale sold 80000 BTC, and there are also 14000 BTC on Binance OKX and Bybit. They are still there, so the current actual selling pressure should be 24000 BTC. This article is sponsored by Bitget | @ Bitgetzh
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