Bitcoin fell by 4.3% per day

Bitcoin BTC $116,103.09 Bitcoin -3.93% Market capitalization $2.31 trillion VOL. 24 hours $3.53 billion is showing signs of a short-term «cooling off» after recently hitting a new all-time high of over $ 123,000. According to the exchanges, the volume of BTC transfers to crypto exchanges has increased sharply in recent days, which often indicates that some investors want to lock in profits after rapid growth.

Analysts emphasize that an increase in inflows (coin inflows to exchanges) usually creates increased selling pressure and can lead to a local price correction. Such movements are especially noticeable after strong market rallies, when asset holders take the opportunity to realize profits and additional volatility appears on the market.

Data from the CryptoQuant service shows that the largest platforms have received significant volumes of BTC in recent days. At the same time, analysts do not rule out further short-term fluctuations, although the long-term picture for bitcoin remains positive due to the high interest of institutional investors and limited coin issuance.

Experts advise investors to closely monitor market behavior in the coming days, as the local «cooling» phase may either end quickly or develop into a deeper correction. The key factor will be the balance between the desire to take profits and confidence in bitcoin’s long-term prospects.