$BTC $TRUMP $BERA
Bitcoin Selling Pressure May Increase After 49.7K BTC Moved On-Chain
Bitcoin price could drop below $94,000 again as crypto market sentiment turns negative for the first time since November 2024.
Bitcoin
BTC
R$ 563,198
is facing a few days of no major movement, with the crypto asset falling below $100,000 and triggering an industry-wide liquidation event totaling over $2 billion.
The community was hopeful about David Sacks’ press conference on digital assets on February 4, but the Trump administration’s crypto czar gave a diplomatic speech about the possible creation of a Bitcoin Strategic Reserve.
Sacks stated that the US president’s current directive “is to evaluate” the feasibility of establishing a Bitcoin Reserve, which some analysts argue is at odds with Trump’s campaign promises. As a result, the odds of a US national Bitcoin reserve by 2025 have dropped to 47% on PolyMarket.
49,700 Bitcoin “moved” could create selling pressure
XBTManager, a Bitcoin analyst, highlighted that in the last 24 hours, a total of 49,700 BTC in the 6-12 month exit age range (SOAB) were moved. Bitcoin’s SOAB analyzes the period in which dormant coins were last moved. The BTC supply in question was last moved more than 6-12 months ago.
