¥240 Billion in Bitcoin Deposited to Exchanges Signals Rising Selling Pressure

On-chain analyst Adler reports significant Bitcoin inflows, suggesting structural selling pressure ahead of Bitcoin's price drop below $90K.

BTC

Summary

On-chain analyst Adler noted that between January 20 and 21, approximately 17,000 BTC, worth $2.4B, were deposited into exchanges, signaling increased structural selling pressure ahead of Bitcoin's decline below $90K. The data shows net inflows of 9,867 BTC on January 20 and 6,786 BTC on January 21, suggesting a more deliberate, rather than emotional, selling strategy.

Terms & Concepts
  • BTC inflow: The amount of Bitcoin transferred into cryptocurrency exchanges, often signaling potential selling activity.
  • Selling pressure: A market condition where more traders are looking to sell than buy, typically leading to price declines.