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Giấy phép số 4978/GP-TTĐT do Sở Thông tin và Truyền thông Hà Nội cấp ngày 14 tháng 10 năm 2019 / Giấy phép SĐ, BS GP ICP số 2107/GP-TTĐT do Sở TTTT Hà Nội cấp ngày 13/7/2022.
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Bitcoin deposits to crypto exchanges surged on Tuesday as it rallied above $76,000, suggesting it is hitting 'near-term selling pressure' as investors move their coins into a position for sale, according to CryptoQuant. In a report on Wednesday, CryptoQuant said the size and rate of Bitcoin inflows to exchanges have increased since the rally, with hourly inflows spiking to 11,000 BTC, the highest since December. CryptoQuant said it is a 'historically reliable warning signal of near-term selling pressure, as holders move coins to exchanges in preparation for potential distribution at key resistance zones.' It added that the average deposit size also increased to 2.25 BTC, the highest since July 2024, and similar to January, when average deposits peaked at 2 BTC before the price nearly halved from $100,000 to $60,000. Crypto investors have been hoping for a Bitcoin rally as the war in Iran appears to be de-escalating. However, a large shift of Bitcoin into crypto exchanges could suggest any rally would be short-lived. TradingView shows Bitcoin hit $76,052 on Coinbase on Tuesday, securing its highest price since early February. However, CryptoQuant said that as Bitcoin nears its $76,800 realized price, it will act 'as a ceiling for relief rallies,' and traders who are nearing breakeven on their holdings will be 'incentivized to sell, capping further upside.' It added that Bitcoin’s rally in January was capped as it hit its realized price at the time, which caused prices to reverse, and 'the same dynamic may repeat if selling pressure builds from current levels.'
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