None
EN
Bitcoin Price Prediction: 20,000 BTC Hit Exchanges as Price Risks a Drop Below $60K
['Tia Avet', 'Analyst', 'Covering Cryptocurrency Markets', 'Policy', 'Regulation. With Over Seven Years Of Experience In Business', 'Marketing Development', 'She Has Spent The Past Two Years Specializing In Digital Assets.', 'Min Read', 'August']
Coinpaper
faces growing sell-side pressure after exchange reserves increased by more than 20,000 BTC, while the price trades near $63,970.
Bitcoin Exchange Reserves Rise as 20,000 BTC Moves to Trading PlatformsBitcoin reserves held on exchanges have climbed sharply, signaling a potential increase in near-term sell-side pressure.
BTC Exchange Reserves.
Source:The chart shows exchange reserves rising from roughly 2.70 million BTC in late July to about 2.72 million BTC by Aug. 3.
The strongest rise occurred after July 30, when reserves moved above 2.71 million BTC and continued climbing into early August.