Bitcoin Market Sees Massive Selling Pressure as $2 Billion Flows into Exchanges

The cryptocurrency market is experiencing turmoil as substantial selling pressure emerges, driving over $2 billion in Bitcoin to centralized exchanges within a week. Crypto analyst Ali Martinez highlighted this shift, pointing out that it indicates a move toward traditional financial institutions. This movement coincides with the market’s current vulnerability after recent price spikes and Bitcoin struggles to stay above $90,000. 20,000 BTC flowed into exchanges last week alone.