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Recently, the Crypto Assets market has shown significant Fluctuation, attracting widespread follow from investors. Industry analyst Murphy's latest research indicates that the main selling pressure currently facing Bitcoin (BTC) comes from the Coinbase platform. In the last hour, another 3169 BTC have been transferred to the platform, following an earlier transfer of 4950 BTC. As a result, the BTC price briefly fell to $115,000.
Murphy emphasized that the signs of Coinbase as a source of sell pressure are very obvious. According to the latest on-chain data, if BTC continues to flow into the platform, the market may further dip. Industry insiders believe that this situation may be related to the behavior of some long-term holders of large amounts of BTC (commonly known as 'ancient whales'), and the market is currently digesting this pressure.
At the same time, the well-known investment firm Pantera Capital has put forward some investment recommendations. They pointed out that the Solana network has significant advantages due to its low transaction fees and high efficiency. Considering the current market environment, Pantera suggests that investors may consider transferring part of their assets from other crypto assets to Ethereum (ETH) and Solana (SOL) to diversify risk.
Looking ahead, some analysts expect BTC to rebound to around $117,000, a level that may trigger the liquidation of some short positions. However, given the high uncertainty in the market, investors should proceed with caution and closely follow market trends and the capital flows of major trading platforms.