A significant transfer of approximately 3,169 Bitcoin (BTC) to Coinbase exchange occurred within the past hour, signaling mounting selling pressure in the cryptocurrency market.
This movement of assets to the prominent exchange platform typically indicates holders may be preparing to liquidate positions, contributing to increased downward momentum across crypto markets.
Concurrently, Bitcoin’s price has declined by 3.39% over the past 24 hours, falling below the $115,000 threshold amid heightened market volatility.
Such substantial exchange inflows often correlate with bearish sentiment as traders monitor on-chain activity for signals of shifting investor behavior and potential price trajectory.