Bitcoin Correction Persists: Large Deposits Signal Continued Selling Pressure

Crypto research firm CryptoQuant has identified a concerning trend in the bitcoin market, highlighting potential for further downward pressure on prices. Analysis reveals that traders are actively depositing large sums of their holdings onto cryptocurrency exchanges, a sign often preceding significant sell-offs. This behavior suggests that despite recent recovery to around $91,000, investors may be selling off Bitcoin amid current market downturn.