BTR dropped from about $0.20 to roughly $0.04 as EmberCN said 140 million tokens, equal to 41% of circulating supply, moved to Bithumb in the 24 hours around the March 24 sell-off.
BTR fell more than 80%, sliding from about $0.20 to around $0.04 in a sharp March 24 sell-off. On-chain analyst EmberCN said about 140 million BTR, equivalent to 41% of the token’s circulating supply, flowed into Bithumb over the previous 24 hours. The concentrated exchange inflow closely coincided with the price collapse, reinforcing Bithumb’s role as the main venue for spot selling pressure during the decline.