Recent on-chain data reveals a significant shift in the cryptocurrency market as Bitcoin holders have offloaded approximately 245,000 BTC amidst increasingly tight macroeconomic conditions. This massive sell-off comes as central banks worldwide maintain hawkish stances on interest rates, creating a risk-off environment that has heavily pressured digital assets. The liquidation of such a substantial amount of Bitcoin reflects growing anxiety among both retail and institutional investors who are seeking liquidity or rebalancing portfolios in response to global economic uncertainty. Historically, large-scale selling events of this magnitude often coincide with a ‘capitulation’ phase, where the final wave of sellers exits the market before a reversal. Analysts are now debating whether this influx of supply marks a definitive market bottom. If the current price levels can absorb this selling pressure without a further breakdown, it could signal that a floor has been established, setting the stage for a potential recovery once macroeconomic headwinds subside. However, with liquidity thinning across major exchanges, high volatility is expected to persist in the short term.
Source: Bitcoin holders sell 245K BTC in tight macro conditions: Did the market bottom?
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