BiyaPay Analyst: Bitcoin Dips Below $11,500, On-Chain Data Alert, Potential Sell-Off Pressure in the Next 1-2 Weeks

Blockbeats
08/18

BlockBeats News, August 18th: BiyaPay analyst stated that based on Binance's fund flow analysis, Bitcoin may face selling pressure in the next 1-2 weeks. The data shows that Bitcoin net flow on Binance has turned positive, outflow has decreased, and exchange reserves continue to grow, indicating that investors are sending Bitcoin to exchanges for profit-taking. Binance's large trading volume has a significant impact on the market, and whale selling may increase Bitcoin price volatility.Today, Bitcoin has fallen below $115,000, with significant market fluctuations. Looking at the medium to long term, Bitcoin still leans bearish and needs to fall below the $100,000 support area to confirm the top. After being under pressure following a short-term rally, it may continue to fall back. The new week's bullish performance is weak, and investors should pay attention to risk control.BiyaPay provides convenient digital asset trading services, supporting more than 200 cryptocurrencies including Bitcoin (BTC), Ethereum (ETH), for mutual exchange. Spot and contract order transactions have zero transaction fees.

免責聲明:投資有風險,本文並非投資建議,以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請,作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考,不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證,投資者應自行研究並在投資前尋求專業建議。

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