Bitcoin Volatility Looms: 170,000 BTC Move Signals Potential Market Surge

CryptoQuant, an on-chain analytics platform, warns of potential volatility in Bitcoin (BTC) prices as large quantities of the cryptocurrency have recently moved across wallets. Specifically, approximately 170,000 BTC held by short-term holders (STHs) are now being transferred, marking one of the largest such movements since late 2021. This significant movement often precedes market fluctuations in the Bitcoin space, according to CryptoQuant’s contributor Mignolet. While Bitcoin is currently trading near $84,582, analysts remain skeptical about sustained calm and anticipate upcoming volatility.