Scary sale in Bitcoin where investor interest is decreasing!

Investors are losing interest amid the $181 million #Bitcoin (BTC) transfer of digital asset provider Ceffu.

While the crypto market is going through turbulent times, it has been seen that investors' interest in the sector has been lost. Trader Ali Martinez examined the on-chain activities of Bitcoin Exchange Volume Momentum connected to exchanges. The data in question showed that investors' interest in BTC has decreased.

Based on the data in question, Martinez touched on the price levels that will determine the course of BTC.

During this period when investors did not move BTCs on exchanges, the transfer transaction attracted attention. Digital asset platform Ceffu transferred 80 thousand BTC worth $181 million to Binance.

Lookonchain, which shared the transfers in question on X, commented, "It will probably be sold!" Crypto investors said that the $181 million sale would not have a negative effect and renewed their morale.

Ceffu has deposited 12,320 BTC ($718.8 million) and 85,347 #ETH ($210 million) to Binance since August 1. The digital asset company later withdrew $515 million and 514 million USDT from the same exchange.

Martinez explained that $BTC is trading above its 200-day moving average, which usually indicates a strong rally. The analyst suggested that a sharp correction could occur if the price breaks below the average.

Martinez said in his analysis:“#BTC has been below this key level at $64,000 for over a month, indicating a potential drop to $31,500!”