Glassnode: Long-Term Holders Send BTC to Exchanges
Glassnode flags Long-Term Holders sending BTC to exchanges at $63353.96 as bearish EMA50 at $70080.34 and death cross pressure BTC price prediction.
SourceAnalysis
Glassnode data shows Bitcoin long-term holders sending coins to exchanges often precedes major moves, with on-chain inflows historically amplifying BTC price prediction volatility and crypto market crash episodes over the past year.
Price sits at $63353.96 inside the Bollinger band, testing lower support near $61151.83 while RSI at 26.19 signals oversold exhaustion against the EMA50 resistance at $70080.34 and MACD death cross at -2418.6; institutional desks expect a sharp relief bounce from this confluence before any deeper retest of the EMA200 at $74884.76.
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