BTC Could Drop Again: 3 Key Signs

 Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades – https://telegram.me/cryptosignalalert

Download our free app and receive signals on your mobile – https://play.google.com/store/apps/details?id=com.freecryptosignals.app

Can BTC crash to $30K this month?

The primary cryptocurrency rose 1.5% in the last 24 hours and currently trades at around $63,500, even as Strategy announced its third BTC sale this year.

However, three important signals point to a potential pullback forming beneath the surface.

The renowned analyst Ali Martinez revealed that over 20,000 BTC (worth more than $1.2 billion) have hit exchanges in the past week or so. CryptoQuant’s data shows that the total figure has climbed to around 2.72 million, the highest since the start of July.

This suggests that some investors have abandoned self-custody methods and flocked to centralized platforms, increasing immediate selling pressure, or, as Martinez said:

“When coins move onto trading platforms, it often signals rising sell-side pressure. Keep an eye on this trend.”

It’s worth noting, though, that there might be another reason why investors are sending BTC to exchanges. The recent Coldcart saga has rattled trust in self-custody methods, which could lead to more bitcoin sitting on trading platforms, not necessarily for immediate selling.

Cornix trading Bots are performing very well and our Binance Futures members are making money.

These truly makes us one of the Best Binance Futures BOT in Trading Market.

Make profit on Binance Futures by using our Signals and Cornix trading Bots.

Join our FREE Binance Futures Group and enjoy Profit.

Comments

Post a Comment

Popular posts from this blog

Bitcoin Beats Gold as Gen Alpha’s Top Asset Pick

Image
Visit this link to profit with bitcoin and other cryptocurrencies. Get daily altcoin signals with the best crypto trading strategy –   https://telegram.me/binancefuturesignal Gen Alpha will grow up with Bitcoin as a cultural and financial native, making it their default store of value over traditional gold investments. Gold has long been considered the ultimate store of value — shiny, scarce and time-tested.  For Gen Alpha, however, the first generation truly born into a digital world, that shine is already starting to fade.  Instead, they’ll grow up with a very different baseline for value, how it moves and where it lives. In reality, Bitcoin won’t just be an investment option; it will be a default for this generation. Born into a digital world Unlike previous generations, Gen Alpha won’t discover Bitcoin as something new or revolutionary. They’ll inherit a world where Bitcoin has always existed, present in financial apps, discussed in classrooms and embedded in dig...
Read more

A Village in El Salvador Created a Bitcoin-Friendly Economy Amid COVID-19.

Image
Visit us for crypto trading strategy, world class Binance Futures Bot, Futures Leverage Bot, Binance Futures and assistance on crypto trading – https://t.me/binancefuturesignal El Zonte, a village located in El Salvador, was hit hard by the COVID-19 pandemic. In response, the community implemented an economic system based in Bitcoin (BTC). Incredible signals on Binance Futures Market - Our Signals are easily to follow, highly accurate and Our Members are informed very early, thus they are able to make huge profit. These makes us the Number# 1 Binance Futures Elite Group. Using trading bots is really fun! And you can really make good profit! One of the main benefits of trading on Binance Futures is that it is extremely capital-efficient. Binance Futures users can select their preferred leverage when trading. Visit, Join, And Stay Engaged In Our Crypto Community.
Read more

XRP Price Prepares for Breakout Toward $15

Visit this link and make consistent profit in Binance futures trading, receive free bitcoin trading signals and Cornix trading Bot for the best automated trades –  https://telegram.me/cryptosignalalert Download our free app and receive signals on your mobile –  https://play.google.com/store/apps/details?id=com.freecryptosignals.app XRP’s bull flag pattern signalled the continuation of an uptrend toward $15, driven by institutional demand after the likely launch of spot exchange-traded funds. A classic XRP price chart pattern puts $5-$15 in play this cycle. XRP enters mainstream finance with REX-Osprey’s XRP ETF launch. XRP price was up 3% in the past 24 hours, and 17% higher than its Sept. 1 low of $2.69, to trade above $3 on Thursday. Market analysts said this positions XRP for further gains backed by several fundamental and technical factors. XRP price technical analysis puts $5-$15 in play XRP price action has painted bull flag patterns on the weekly time frame that could r...
Read more