Bitcoin market fluctuating ever since the price went below $4000 range. The market is experiencing some serious selling pressure which may cause the price to decline further up to the next major support at $3000.
Whales Dumping
Bitcoin Whales are preparing for the bear run as more and more sellers are entering the markets to lower their losses. Recently 2048 BTC were transferred from 2 unknown wallets to Bitfinex Exchange probably for selling. The transactions were made from unknown wallets. Here are the transactions on blockchain.com:
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