Bitcoin Miner Inflows Test BTC Demand Near $75K
Cointelegraph
Bitcoin faces potential downward pressure as miners transfer significant amounts of BTC to Binance, testing critical support levels near $75,000.Summary
Bitcoin miners recently transferred over 20,000 BTC to Binance, the second-largest inflow this year, signaling potential selling pressure. Despite this, the market has remained relatively stable, with Glassnode data indicating moderate buying conviction rather than panic selling. However, with weakened spot demand and the formation of a potential head-and-shoulders chart pattern, analysts warn that Bitcoin must hold the $75,000 support level to avoid further declines toward $70,400.
(Source：Cointelegraph)