#Bitcoin was trading up 0.08% at $81,689.0 as of 02:29 ET (06:29 GMT), after retreating from a recovery attempt towards $87,333. The decline brought the cryptocurrency closer to the psychologically important $80,000 level.
On-chain data showed mixed signals about potential selling pressure.
According to CryptoQuant, Bitcoin holders who acquired their coins six to twelve months ago significantly reduced the proportion of their transfers directed towards exchanges, from 40.4% in June to 4.4% by October 15.
However, their total 30-day transfer volume increased to 205,400 BTC from 157,700 BTC, suggesting continued movement of holdings despite reduced exchange activity.
Meanwhile, Whale Alert identified #
On-chain data showed mixed signals about potential selling pressure.
According to CryptoQuant, Bitcoin holders who acquired their coins six to twelve months ago significantly reduced the proportion of their transfers directed towards exchanges, from 40.4% in June to 4.4% by October 15.
However, their total 30-day transfer volume increased to 205,400 BTC from 157,700 BTC, suggesting continued movement of holdings despite reduced exchange activity.
Meanwhile, Whale Alert identified #