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the analytics site warns of mass sales

The Bitcoin price has been quiet for a long time now. The question, however, is whether this silence can change in the not-too-distant future.

The Bitcoin price has been quiet for a long time now. The question, however, is whether this silence can change in the not-too-distant future.

Throughout last week, the bitcoin price was around 9,250 dollars – with a peak of 9479 dollars last Wednesday and a low of 9053 dollars last Friday morning.

And in that price range, it seems that the world’s largest cryptocurrency continues to lie.

At the time of writing, bitcoin is trading at around $ 9,106, according to figures from Bitstamp.

Declining trading volume and volatility
If you look even further back in time, the bitcoin price, even then, has been fairly stagnant. The question, however, is whether this silence can change in the not-too-distant future.

Bitcoin’s trading volume continues to decline while the volatility of the cryptocurrency recently reached its lowest level since 2017. This is usually something that worries investors, especially if it has been going on for a long time.

Data from the analysis site Cryptoquant now show that the inflow of bitcoin to crypto exchanges also increased sharply on Wednesday, which may indicate that bitcoin investors want to have the opportunity to sell their crypto at short notice.

big sale
Due to this, and the fact that the bitcoin price shows no strength as it creeps ever closer to the support that seems to exist at 9000 dollars, Cryptoquant now warns that there may be large sales of bitcoin from investors on these crypto exchanges.

This in turn can cause the bitcoin price to fall sharply, according to the analysis page.

However, if you look at all the major crypto exchanges, the inflow of bitcoin is not at the same levels as in March – when the bitcoin price crashed.

This may indicate that investors would rather hold on to their cryptocurrencies instead of selling them, writes Cointelegraph.