Bitcoin Volatility on the Horizon: Analyst Warns of 170,000 BTC Movement

CryptoQuant analyst Mignolet has highlighted concerns about Bitcoin’s volatility by observing a massive transfer of approximately 170,000 BTC from long-term holders. This substantial movement within this group is often seen as a precursor to significant market shifts. According to Mignolet, green boxes on the charts typically signify an upward trend, while red boxes point towards a downward direction, suggesting potential fluctuations in the coming days.