Analysis: The current selling pressure on Bitcoin is mainly coming from Coinbase, with another 3,169 BTC transferred in 1 hour ago

By: theblockbeats.news|2025/07/25 15:51:47

BlockBeats News, July 25th: On-chain data analyst Murphy stated in a post that the current selling pressure in the Bitcoin market is mainly coming from Coinbase. At around 10 a.m. this morning, 4950 BTC was transferred to Coinbase, causing BTC to drop to around $115,000; however, 1 hour ago, another 3169 BTC was transferred to Coinbase.

Analyst Murphy indicated that the on-chain data is only updated to this point. If there are no new large transfers following this, it is expected to drop to around $115,000; if the on-chain BTC transfers to Coinbase continue, it is estimated that there is still downside potential.

ResearchCoin (RSC) Experiences Short-Term Surge, Breaking $0.69 Another Appearance of Ancient BTC Whale After 14.5 Years of Dormancy, Holding Assets Worth Approximately $457 Million

Could Elon Musk’s Rift with Trump Push Dogecoin Price Below $0.10?

Published Time: 2025-08-18T09:20:02.000Z Imagine two titans of influence clashing in the public eye, sending ripples through the crypto…

crypto insight|2025/08/18 09:30:19

Polymarket Odds Heavily Favor Mark Carney Over Pierre Poilievre in Canada’s Snap Election

As Canadians prepare to vote in this unexpected snap election on August 18, 2025, betting enthusiasts on platforms…

crypto insight|2025/08/18 09:20:24

Victim of $20 Million Crypto Scam Expands Fraud Lawsuit to Two Additional Banks – Update as of August 18, 2025

In the ever-evolving world of cryptocurrency, where fortunes can be made or lost in an instant, stories of…

crypto insight|2025/08/18 09:20:20

Crypto Exchanges Rake in $172M from Trump Memecoin Trades: Latest Insights as of August 18, 2025

Imagine a digital token inspired by a former U.S. president skyrocketing in popularity, turning heads not just among…

crypto insight|2025/08/18 09:20:21

Multimillionaire Trader James Wynn Stages Epic Comeback with $19M Leveraged Bitcoin Bet and $100K PEPE Play – Latest Update as of August 18, 2025

Imagine watching a high-stakes poker game where the player, down but not out, doubles down on a bold…

crypto insight|2025/08/18 09:20:22