Glassnode: Long-Term Holders Send BTC to Exchanges

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.