Biggest Bitcoin exchange inflows since 2018 put potential $20K bottom at risk
Traders are nervous, data suggests, and a further drop could spark a chain reaction as exchange users rush to liquidate their BTC holdings. Bitcoin (BTC) could be on the verge of a retail major sell-off as exchange inflows spike to almost three-and-a-half-year highs.Data from on-chain analytics platform CryptoQuant shows users of 21 major exchanges sending coins to their wallets en masse June 14.Major exchanges finish up 83,000 BTC in a single dayAs BTC/USD fell to lows of $20,800, panic appeared to set in among traders, and despite a reversal that at one point topped $23,000, few seemed....
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The winter of 2022-2023 is more than a headache for politicians and EU citizens — crypto hodlers worldwide may see a tangible impact, says Decentrader's Filbfilb. Bitcoin (BTC) could dive another 50% from current levels if the upcoming winter proves a major test for Europe.That was the conclusion of a veteran crypto market analyst this week, with BTC/USD failing to reclaim $20,000 support.In an interview with Cointelegraph, Filbfilb, creator of trading suite Decentrader, forecast a potential BTC price bottom coming in at as low $10,000 in 2022.As the European energy crisis intensifies,....
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