Close Menu
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain
  • NFT
  • Metaverse
  • Analysis
  • Learn
  • Blog
  • Contact
    • Tech7685@gmail.com
What's Hot

Validation Cloud implements AI -Engine on Hedera

2025-05-22

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

2025-05-22

Bitcoin price rays to New All Time Bulls takes the lead

2025-05-22
Facebook X (Twitter) Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
Facebook X (Twitter) Instagram
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
  • News
    • Bitcoin
    • Altcoins
    • DeFi
    • Regulation
    • Market Cap
    • Web 3
    • Scam
  • Blockchain

    Validation Cloud implements AI -Engine on Hedera

    2025-05-22

    Sony announces the Mavet launch of Soneium Blockchain

    2025-05-21

    Nitro Labs launches data anchor to lower the storage costs of Solana

    2025-05-21

    Zimbabwe rolls out blockchain-based carbon credit market system

    2025-05-21

    Kalp Network Partners with Luffa to stimulate Web3 Privacy and RWA access

    2025-05-21
  • NFT

    Guild of Guardians leads with a huge volume of $ 796.62k

    2025-05-20

    Solana Meme Coin Ponke Set to release assembly objects, clothing via Jcorp Spinout

    2025-05-19

    The most popular collections of the moment on blockchain

    2025-05-18

    Raoul Pal sees NFT market exploding when Ethereum Bull Cycle is approaching

    2025-05-17

    Ethereum is at the top of the charts in weekly NFT sales with $ 44.7 million in sales volume

    2025-05-16
  • Metaverse

    Shib: The Metaverse – Part of the expanding Shiba Inu ecosystem

    2025-01-03

    Experience to Earn: Everdome’s Metaverse Frontier

    2024-12-30

    Beyond Bots: Meta Motivo and the Dawn of Human Digital Life

    2024-12-13

    Exploring NetVRk: What’s Behind This AI-Powered Virtual Universe?

    2024-10-28

    Council of Europe emphasizes the impact of Metaverse on privacy and democracy

    2024-09-05
  • Analysis

    Bitcoin price rays to New All Time Bulls takes the lead

    2025-05-22

    Mike Novogratz says that weakening dollars, broadening the shortage and the deteriorating financial situation of America ‘very good’ for Bitcoin and Crypto

    2025-05-21

    Does the XRP price mirror the Rally of 2017? Analyst points to agreements

    2025-05-21

    Bitcoin breaks $ 109k ATH to enter the price discovery again

    2025-05-21

    XRP – Price coil for an outbreak – is the next leg on hands?

    2025-05-21
  • Learn

    What Is a DEX (Decentralized Exchange)?

    2025-05-21

    Blockchain Explained: What It Is, How It Works and Why We Need It

    2025-05-21

    Types of Blockchain Layers Explained: Layer 0, Layer 1, Layer 2 and Layer 3

    2025-05-16

    Token vs. Coin: Key Differences You Must Know as a Beginner

    2025-05-15

    Inside Changelly: 10 years of steadfast support and compliance

    2025-05-15
  • Blog
  • Contact
    • Tech7685@gmail.com
Free Cryptocurrency – Bitcoin | Altcoins | Blockchain | News Stories Updated Daily
Home»Bitcoin»$1.83 Billion Makes Its Way to Exchanges, Is There a Massacre Coming?
Bitcoin

$1.83 Billion Makes Its Way to Exchanges, Is There a Massacre Coming?

2024-10-11No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

This article is available in Spanish.

Bitcoin is currently hovering above a key support level, and any small sell-off caused by a group of traders could potentially mean that snowball into a wave of intense selling pressure. This vulnerable situation is underlined data from on-chain analytics firm Santiment showed that more than 30,000 BTC, worth approximately $1.83 billion, was transferred to crypto exchanges within a short period of time. Undoubtedly, such a huge amount of BTC entering crypto exchanges is problematic, especially in terms of a bullish outlook for the cryptocurrency.

30,000 BTC sold in 72 hours

According to Santiment data highlighted by crypto analyst Ali Martinez, Bitcoin addresses holding between 1,000 BTC and 10,000 BTC have sold or redistributed approximately 30,000 BTC in the last 72 hours. Considering Bitcoin’s current average price, this equates to approximately $1.83 billion in BTC exchanges.

Related reading

#Bitcoin About 30,000 whales have been sold or redistributed $BTC in the last 72 hours, a total of $1.83 billion! pic.twitter.com/y9FsARYrmM

— Ali (@ali_charts) October 10, 2024

Stock exchange intake data from IntoTheBlockwhich tracks the activities of different cohorts of holders, reveals that approximately 18,220 BTC was moved to exchanges on October 8 alone. This was followed by another 16,000 BTC on October 9 and approximately 13,800 BTC on October 10.

While not all inflows lead to immediate sell-offs, large amounts of BTC hitting exchanges often suggest investors are positioning themselves for potential sell-offs. These continued currency inflows could indicate increasing selling pressure, with market participants possibly preparing to liquidate their holdings in the near future.

See also  What now as SEC chairman maintains his tough stance on crypto

Bitcoin under increased selling pressure?

On a positive note, the current sale are largely driven by short-term holders, which has led to a shift in Bitcoin ownership. Much of the BTC being sold is being snapped up by long-term holders, who see the dip as an opportunity to strengthen their positions. This shift in ownership could stabilize the market, as long-term owners are generally less likely to sell in the future.

Related Reading: Second XRP ETF Application Hits Market, How Did XRP Price React?

Furthermore, exchange inflow data shows a gradual decline in the amount of BTC sent to exchanges each day. This trend indicates that fewer investors are moving their Bitcoin into currency portfolios, which could be a sign that the recent wave of sell-offs is losing steam.

As regards the foreign exchange reserve, data from CryptoQuant shows a steady decline in the amount of BTC held in wallets managed by crypto exchanges since early October. This decline in foreign exchange reserves contradicts fears of continued sell-off, as it implies less Bitcoin available for sale on exchanges. If this trend continues, it could further reduce selling pressure and provide a more optimistic outlook for Bitcoin’s near-term recovery.

At the time of writing, Bitcoin is trading at $60,854, which represents a price floor of around $60,000.

Bitcoin price chart from Tradingview.com
BTC Price Breaks $61,000 Again | Source: BTCUSD on Tradingview.com

Featured image created with Dall.E, chart from Tradingview.com



Source link

Billion coming Exchanges Massacre
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

2025-05-22

Crypto does shock deliver? Bitcoin and Ethereum leave scholarships at a record pace

2025-05-21

The old coins of Bitcoin moves again

2025-05-21

Texas Bitcoin Reserve Bill knew the most important legislative obstacles, waiting for the final vote

2025-05-21
Add A Comment

Comments are closed.

Top Posts

Senator says that Florida will lead the American efforts to keep Bitcoin as a strategic reserve

2025-04-14

Deutsche Bank subsidiary forms partnership with Galaxy Digital and other companies to launch new Euro Stablecoin

2023-12-13

Will Bitcoin Reach $100,000 in 2024? PlanB’s price forecast says…

2024-01-09
Editors Picks

Japan gives the green light to a bill that would allow investment firms to own crypto

2024-02-19

Will Ethereum Surpass Bitcoin in 2024?

2023-12-31

Native ETH and Lido wstETH transfer program join the Wormhole protocol

2024-01-20

Quicknode and Fuse Network reveal business -oriented layer 2 with Polygon CDK

2025-02-07
About
About

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, Defi, NFT, Metaverse and more.

We're social. Connect with us:

Facebook X (Twitter) Instagram Pinterest YouTube
Top Insights

Validation Cloud implements AI -Engine on Hedera

The price of Bitcoin affects ATH of $ 111,000 if open interest rises to $ 72 billion – details

Bitcoin price rays to New All Time Bulls takes the lead

Get Informed

Subscribe to Updates

Get the latest news and Update from Free.cc about Crypto, Metaverse, NFT and more.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
  • Advertise
  • BitcoinPlatform.com
© 2025 Free.cc - All rights reserved. Contact: info@free.cc

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$110,666.092.61%
  • ethereumEthereum(ETH)$2,612.400.47%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.400.71%
  • binancecoinBNB(BNB)$679.952.85%
  • solanaSolana(SOL)$176.022.81%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2383622.75%
  • cardanoCardano(ADA)$0.793.01%
  • tronTRON(TRX)$0.2724000.17%
  • suiSui(SUI)$4.033.40%
  • chainlinkChainlink(LINK)$16.281.60%
  • hyperliquidHyperliquid(HYPE)$30.4514.84%
  • avalanche-2Avalanche(AVAX)$24.085.18%
  • stellarStellar(XLM)$0.2972942.04%
  • shiba-inuShiba Inu(SHIB)$0.0000151.04%
  • hedera-hashgraphHedera(HBAR)$0.2003041.23%
  • bitcoin-cashBitcoin Cash(BCH)$414.443.43%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.52%
  • the-open-networkToncoin(TON)$3.131.51%
  • polkadotPolkadot(DOT)$4.800.98%
  • litecoinLitecoin(LTC)$98.102.17%
  • moneroMonero(XMR)$395.878.44%
  • bitget-tokenBitget Token(BGB)$5.250.99%
  • piPi(PI)$0.832.17%
  • pepePepe(PEPE)$0.000014-0.52%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$472.5311.33%
  • uniswapUniswap(UNI)$6.32-2.32%
  • aaveAave(AAVE)$251.60-3.62%
  • nearNEAR Protocol(NEAR)$2.932.93%
  • aptosAptos(APT)$5.362.51%
  • okbOKB(OKB)$52.981.03%
  • ondo-financeOndo(ONDO)$0.993.43%
  • kaspaKaspa(KAS)$0.1149872.84%
  • ethereum-classicEthereum Classic(ETC)$19.373.52%
  • internet-computerInternet Computer(ICP)$5.461.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.47-0.81%
  • gatechain-tokenGateToken(GT)$21.820.40%
  • crypto-com-chainCronos(CRO)$0.0989371.74%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2483926.12%
  • vechainVeChain(VET)$0.0298533.16%
  • render-tokenRender(RENDER)$4.923.98%
  • mantleMantle(MNT)$0.75-0.25%
  • ethenaEthena(ENA)$0.4060042.37%
  • usd1World Liberty Financial USD(USD1)$1.000.07%
  • arbitrumArbitrum(ARB)$0.4201793.80%
  • algorandAlgorand(ALGO)$0.2362163.35%
  • filecoinFilecoin(FIL)$3.013.74%
  • bitcoinBitcoin(BTC)$110,666.092.61%
  • ethereumEthereum(ETH)$2,612.400.47%
  • tetherTether USDt(USDT)$1.00-0.03%
  • rippleXRP(XRP)$2.400.71%
  • binancecoinBNB(BNB)$679.952.85%
  • solanaSolana(SOL)$176.022.81%
  • usd-coinUSDC(USDC)$1.00-0.02%
  • dogecoinDogecoin(DOGE)$0.2383622.75%
  • cardanoCardano(ADA)$0.793.01%
  • tronTRON(TRX)$0.2724000.17%
  • suiSui(SUI)$4.033.40%
  • chainlinkChainlink(LINK)$16.281.60%
  • hyperliquidHyperliquid(HYPE)$30.4514.84%
  • avalanche-2Avalanche(AVAX)$24.085.18%
  • stellarStellar(XLM)$0.2972942.04%
  • shiba-inuShiba Inu(SHIB)$0.0000151.04%
  • hedera-hashgraphHedera(HBAR)$0.2003041.23%
  • bitcoin-cashBitcoin Cash(BCH)$414.443.43%
  • unus-sed-leoUNUS SED LEO(LEO)$8.870.52%
  • the-open-networkToncoin(TON)$3.131.51%
  • polkadotPolkadot(DOT)$4.800.98%
  • litecoinLitecoin(LTC)$98.102.17%
  • moneroMonero(XMR)$395.878.44%
  • bitget-tokenBitget Token(BGB)$5.250.99%
  • piPi(PI)$0.832.17%
  • pepePepe(PEPE)$0.000014-0.52%
  • daiDai(DAI)$1.00-0.01%
  • ethena-usdeEthena USDe(USDE)$1.000.00%
  • bittensorBittensor(TAO)$472.5311.33%
  • uniswapUniswap(UNI)$6.32-2.32%
  • aaveAave(AAVE)$251.60-3.62%
  • nearNEAR Protocol(NEAR)$2.932.93%
  • aptosAptos(APT)$5.362.51%
  • okbOKB(OKB)$52.981.03%
  • ondo-financeOndo(ONDO)$0.993.43%
  • kaspaKaspa(KAS)$0.1149872.84%
  • ethereum-classicEthereum Classic(ETC)$19.373.52%
  • internet-computerInternet Computer(ICP)$5.461.70%
  • official-trumpOFFICIAL TRUMP(TRUMP)$14.47-0.81%
  • gatechain-tokenGateToken(GT)$21.820.40%
  • crypto-com-chainCronos(CRO)$0.0989371.74%
  • polygon-ecosystem-tokenPOL (prev. MATIC)(POL)$0.2483926.12%
  • vechainVeChain(VET)$0.0298533.16%
  • render-tokenRender(RENDER)$4.923.98%
  • mantleMantle(MNT)$0.75-0.25%
  • ethenaEthena(ENA)$0.4060042.37%
  • usd1World Liberty Financial USD(USD1)$1.000.07%
  • arbitrumArbitrum(ARB)$0.4201793.80%
  • algorandAlgorand(ALGO)$0.2362163.35%
  • filecoinFilecoin(FIL)$3.013.74%