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Analysis: The current selling pressure of Bitcoin is mainly coming from Coinbase, with another 3,169 BTC transferred in 1 hour ago
2025-07-25 23:47
BlockBeats News, July 25th, On-chain data analyst Murphy stated in a post that the current selling pressure in the Bitcoin market is mainly coming from Coinbase. At around 10 a.m. this morning, 4950 BTC were transferred to Coinbase, causing BTC to drop to around $115,000; however, just 1 hour ago, another 3169 BTC were transferred to Coinbase.
Analyst Murphy stated that the on-chain data is only updated up to this point. If there are no new large transfers in the future, it is expected to drop to around $115,000; if the on-chain BTC transfers to Coinbase continue, further downside is estimated.
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2025-07-25 23:59
2025-07-26 10:43
2025-07-25 20:19
2025-07-26 19:00
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2025-07-26
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