Hey crypto enthusiasts! đ
- This week, Bitcoin (BTC) has been on a losing streak, dropping from $64,000 to $62,000. Data from CryptoQuant shows that over 63,000 BTC (approx. $1.83 billion) was sent to exchanges since October 7.
- While this doesn't mean immediate selling, it could indicate an intention to liquidate.
- Macroeconomic factors such as inflation and rising unemployment claims also played a role in the drop.
- Analysts believe BTC needs to break above $60,000 to attract new investors.
What do you think? Comment below!
