Major Bitcoin market participants have increased their transfer volumes to exchanges, which may indicate preparations for a large-scale profit-taking. Against the backdrop of minimal spot trading activity since November 2023, liquidity remains extremely low and sensitive to any sales. As a result, analysts forecast a correction in quotes to levels of $90 000 and $88 500 to close price gaps on the CME exchange.
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Major Bitcoin market participants have increased their transfer volumes to exchanges, which may indicate preparations for a large-scale profit-taking.
Against the backdrop of minimal spot trading activity since November 2023, liquidity remains extremely low and sensitive to any sales.
As a result, analysts forecast a correction in quotes to levels of $90 000 and $88 500 to close price gaps on the CME exchange.