After a prolonged downturn, Bitcoin’s price has stabilized above $86,000, reflecting a period of calmer market conditions. Recent on-chain data indicates that many investors opted to secure profits over the past week, resulting in a significant double-digit loss for the cryptocurrency. Crypto analyst Ali Martinez noted on X that approximately 20,000 BTC, valued near $2 billion, was transferred to centralized exchanges during the last week, amplifying selling pressures on the asset. The Exchange Inflow metric is crucial here, capturing the volume of Bitcoin sent to exchanges; an increase usually signals potential selling activity by investors, which can depress prices unless supported by rising demand. CryptoQuant\u2019s head of research, Julio Moreno, revealed that inflows have reached around 81,000 BTC\u2014the highest level since mid-July\u2014contributing to Bitcoin\u2019s notable volatility as it fell to just over $80,000 by the weekend. Currently, Bitcoin is trading at approximately $86,070, marking a 2% increase in the last 24 hours. CryptoQuant CEO Ki Young Ju stated that the Bitcoin market is presently in a profit-taking phase, as indicated by rising inflows, and suggested that only macro liquidity could influence a shift back to a bullish cycle, akin to developments seen in 2020. The upcoming Federal Open Market Committee (FOMC) meeting in December will be particularly significant, especially in light of waning expectations for an interest rate reduction by the US Federal Reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"
After a prolonged downturn, Bitcoin’s price has stabilized above $86,000, reflecting a period of calmer market conditions. Recent on-chain data indicates that many investors opted to secure profits over the past week, resulting in a significant double-digit loss for the cryptocurrency. Crypto analyst Ali Martinez noted on X that approximately 20,000 BTC, valued near $2 […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[78],"tags":[],"class_list":["post-5402","post","type-post","status-publish","format-standard","hentry","category-news-1"],"translation":{"provider":"WPGlobus","version":"3.0.0","language":"ms","enabled_languages":["en","de","ja","vi","ms"],"languages":{"en":{"title":true,"content":true,"excerpt":false},"de":{"title":false,"content":false,"excerpt":false},"ja":{"title":false,"content":false,"excerpt":false},"vi":{"title":false,"content":false,"excerpt":false},"ms":{"title":false,"content":false,"excerpt":false}}},"rttpg_featured_image_url":null,"rttpg_author":{"display_name":"MUHAMMAD ISMAIL","author_link":"https:\/\/globalcryptoguru.com\/ms\/author\/ai-news-automation\/"},"rttpg_comment":0,"rttpg_category":"News 1<\/a>","rttpg_excerpt":"After a prolonged downturn, Bitcoin’s price has stabilized above $86,000, reflecting a period of calmer market conditions. Recent on-chain data indicates that many investors opted to secure profits over the past week, resulting in a significant double-digit loss for the cryptocurrency. Crypto analyst Ali Martinez noted on X that approximately 20,000 BTC, valued near $2…","_links":{"self":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/posts\/5402","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/comments?post=5402"}],"version-history":[{"count":0,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/posts\/5402\/revisions"}],"wp:attachment":[{"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/media?parent=5402"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/categories?post=5402"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/globalcryptoguru.com\/ms\/wp-json\/wp\/v2\/tags?post=5402"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}